About This Property
Prime development opportunity on a 12,372 sq ft rectangular lot with strong potential for multiplex rezoning (up to 6 units) or strategic land assembly. Located in a rapidly evolving area, this property offers both immediate income and long-term upside.The existing 4-bedroom, 2-bathroom home with a legal suite provides solid rental income while you plan redevelopment. A large detached garage and expansive yard offer additional utility for contractors, storage, or home-based operations.The property also features a generous backyard with lane access potential and ample parking, including RV space. Mature fruit trees-cherry, fig, plum, and blueberry-enhance the livability appeal.Positioned just minutes from SkyTrain, Surrey Central, and major amenities, this is a high-demand location with strong growth fundamentals.Hold, rent, or redevelop-this is a rare opportunity with significant upside. (id:64973)
At $863 per square foot, this Surrey property is priced competitively compared to the city's average of $785 per square foot. Given the potential for multiplex rezoning and existing rental income, the property presents an attractive opportunity for real estate investors seeking long-term value appreciation and immediate cash flow. This property is best suited for savvy developers or investors who can capitalize on the rapidly evolving neighbourhood and leverage the existing home's rental income while planning for future redevelopment potential.
Property Details
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