About This Property
This 8,692 sq. ft. rectangular lot property, zoned R-3 under Surrey's Urban Residential guidelines, offers excellent development potential. With the new R-3 zoning, you can build up to a 3-story single-family home or explore small-scale multi-unit housing options, such as duplexes or fourplexes. You may also add secondary suites, coach houses, or garden suites to maximize density. Since the lot exceeds 280 m², it allows up to 4 units, and if located near frequent bus stops, up to 6 units may be permitted. Buyers are encouraged to verify development potential with the City of Surrey. (id:64973)
The $837 per square foot price tag for this 1,491-square-foot home is on the higher end of the Surrey market, though the significant development potential may justify the premium. Given the flexible R-3 zoning, this property is well-suited for real estate investors seeking to maximize the site's density and capitalize on the strong rental demand in the area.
Property Details
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