Prime Investment Opportunity in Surrey City Centre! Sitting on a 7,537 sq. ft. lot, this property features two fully self-contained 3-bedroom suites, offering excellent rental income potential. Recently updated with new flooring, kitchen renovations, and fresh paint, this home is move-in ready while also maximizing its rental value—projected at $5,000+ per month. With interest rates dropping, rental income could easily offset most or all mortgage payments. Located in the heart of Surrey’s redevelopment zone, this area is transforming rapidly, with developers actively acquiring land.This is a strategic buy for investors looking to generate cash flow while benefiting from future redevelopment. Secure a high-potential property today—own, rent, and profit from the city’s growth!
Property Type:
Residential
Dwelling Type:
Single Family Residence
Home Style:
Rancher/Bungalow
Year built:
1944
(Age: 81)
Living Area:
1,750 sq. ft.163 m2
Floor Area - Unfinished:
0 sq. ft.0 m2
Building Area - Total:
1,750 sq. ft.163 m2
Bedrooms:
6
(Above Grd: 6)
Bathrooms:
2.0
(Full:2/Half:0)
Kitchens:
2
Rooms:
10
Taxes:
$4,672.84 /
2024
Lot Area:
7,537 sq. ft.700 m2
Lot Frontage:
56'10¾"17.3 m
Lot Details:
56.9 x 131.9
Outdoor Area:
Fenced, Garden
Water Supply:
Public
Plan:
10070
Construction Materials:
Frame Wood, Other, Other (Exterior), Wood Siding
Foundation:
Other
Foundation Description:
/
Basement:
None
Property Condition:
Renovation Partly
Roof:
Asphalt
No. Floor Levels:
1.0
Floor Finish:
Hardwood, Laminate
Floor Area Fin - Above Grade:
1,750 sq. ft.163 m2
Floor Area Fin - Above Main:
0 sq. ft.0 m2
Floor Area Fin - Above Main 2:
0 sq. ft.0 m2
Floor Area Fin - Main:
1,750 sq. ft.163 m2
Floor Area Fin - Below Main:
0 sq. ft.0 m2
Floor Area Fin - Below Grade:
0 sq. ft.0 m2
Floor Area Fin - Basement:
0 sq. ft.0 m2
Floor Area Fin - Total:
1,750 sq. ft.163 m2
Heating:
Forced Air
Parking Features:
Open, Front Access
Parking:
Open
# Of Parking Spaces - Total:
2.0
# Of Covered Spaces:
2.0
Parking Total/Covered:
- / 2
Title to Land:
Freehold NonStrata
Suite:
None
Garden
Garden
2
Dishwasher, Refrigerator, Cooktop
Washer/Dryer, Dishwasher, Refrigerator, Cooktop
LOT 4 BLOCK 13 SECTION 14 BLOCK 5 NORTH RANGE 2 WEST NEW WESTMINSTER DISTRICT PLAN 10070
Floor
Type
Size
Other
Main
Living Room
10'2"3.10 m × 7'8"2.34 m
-
Main
Kitchen
11'3"3.43 m × 8'7"2.62 m
-
Main
Bedroom
11'11"3.63 m × 8'6"2.59 m
-
Main
Bedroom
14'4.27 m × 7'4"2.24 m
-
Main
Bedroom
9'8"2.95 m × 8'7"2.62 m
-
Main
Bedroom
12'4"3.76 m × 10'2"3.10 m
-
Main
Bedroom
12'4"3.76 m × 9'4"2.84 m
-
Main
Bedroom
9'10"3.00 m × 8'2.44 m
-
Main
Kitchen
10'2"3.10 m × 8'2"2.49 m
-
Main
Laundry
8'10"2.69 m × 5'11"1.80 m
-
Floor
Ensuite
Pieces
Other
Main
No
4
Main
No
3
Age Restrictions:
No
Tax Utilities Included:
false
Property Disclosure:
Yes
Fixtures Leased:
No
Home Owners Association:
No
Original Price:
$1,199,000
Land Lease:
No
Zoning:
R3
Utilities:
Electricity Connected, Natural Gas Connected
Electricity:
Yes
Fencing:
Fenced
Sewer:
Public Sewer, Sanitary Sewer
Kitchen with stainless steel range with gas cooktop, white dishwasher, a sink, decorative backsplash, and under cabinet range hood
Empty room with visible vents, baseboards, and wood finished floors
Empty room featuring beam ceiling, baseboards, and wood finished floors