About This Property
Exceptional 10,000+ sq ft lot features stunning panoramic ocean views, a prime location, and a generous 65 ft frontage ideal for future growth. Zoned RS-1 SSMUH Residential, it exceeds the 742 m² minimum for a house-plex (up to 4 dwelling units) without rezoning (confirmed by City of White Rock). Units remain under one PID. Recent comps average $1.25M for 3-bed units, so four modern 1,200 sq ft units could value at $1.2M-$1.3M each projecting a total fourplex worth $5M. This offers massive ROI potential over the current listing.Meanwhile, generate strong rental income from the well-maintained 4-bed, 3-bath rancher. The separate-entry lower level unit an in-law suite or extra rental.Live comfortably, earn income today, and capture significant upside through SSMUH development tomorrow. (id:64973)
The $751 per square foot price tag for this 2,263-square-foot property is significantly above the Surrey market average, suggesting this listing is on the pricier end. Investors seeking a high-return fourplex development opportunity would find this property particularly appealing, given the potential to transform the large 10,372-square-foot lot into a multi-unit project worth an estimated $5 million.
Property Details
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