Maximize your ROI with this strategic development opportunity in a high-demand central location. Zoned R3, this property offers versatility rarely found at this price point. Development Potential: The zoning supports increased density, making this a prime candidate for a Duplex or a single-family home with a detached Garden Suite (check with City of Surrey) The Holding Property: A compact 2-bedroom home sits on the fully fenced lot with mature fruit trees. It is the ideal low-maintenance rental—effectively a "detached condo" with zero strata fees—perfect for holding while waiting for permits. The Location: Unbeatable walkability for future residents. Steps to Sunridge Park, Elementary schools & transit. Builders and Investors: This is the zoning you want in the location tenants need.
Data was last updated March 16, 2026 at 12:40 PM (UTC)
Area Statistics
Listings on market:
260
Avg list price:
$1,199,000
Min list price:
$275,000
Max list price:
$7,900,000
Avg days on market:
40
Min days on market:
3
Max days on market:
392
Avg price per sq.ft.:
$519.2
These statistics are generated based on the current listing's property type
and located in
Cloverdale BC. Average values are
derived using median calculations. This data is not produced by
the MLS® system.