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For Sale · Surrey · Single Family
$1,149,999
About This Home
DEVELOPMENT POTENTIAL! A rare investment opportunity awaits in Cloverdale with this 7,600sqft rectangular lot, ideally suited for builders and investors. Capitalize on the existing 3-bedroom rancher, currently rented to reliable tenants at $2,300 per month, providing immediate income while you explore development options. Envision building a new three-level home, or with new SSMUH regulations, a MULTIPLEX and a garden suite (Buyer to do own due diligence). Survey and Engineer's MBE Letter available to aid in your planning. This prime location in a high-demand area offers exceptional possibilities to maximize your investment in Cloverdale's thriving real estate market. Please respect the tenant's privacy; do not disturb. (id:66635)
Summarizing the highlights...
Property Details
July Value
Calculating a July Value estimate...
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My Notes
Location
Run The Numbers
Monthly mortgage payment
$5,378
$919,999 financed over 25 years at 5%. For guidance only, not a quote or approval.
Monthly cost (mortgage + tax + maintenance)
$5,378
Cash flow
-$5,378
Estimates for education only. Talk to a JULY advisor for real numbers on this home.
Surrey right now
Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.
The Neighbourhood
Household and demographic stats for Surrey, from the Statistics Canada 2021 Census.
The immediate block around this home (right here): about 547 residents in 174 homes, 3,370 people/km² (urban).
Source: Statistics Canada 2021 Census, Surrey, City (CY); block-level figures from dissemination area 59152304.
Schools
K-12 schools closest to this home, with straight-line distances.
George Greenaway Elementary
public · elementary
Surrey Centre Elementary
public · elementary
William of Orange Christian
independent · elementary
Cloverdale Catholic School
independent · elementary
A J McLellan Elementary
public · elementary
Traditional Learning Academy Online
independent · k12
Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.
Rental Market
Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.
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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.