$1,425,000
Sold
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.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | Crawl Space |
| Fireplace | 1 |
| Heating Type | Forced Air |
| # of Kitchens | 1 |
| Foundation | Concrete Perimeter |
| Roof | Asphalt |
|---|---|
| Structures | Residential Detached |
| Price | $1,199,999 |
|---|---|
| Total Bedrooms | 3 |
| Total Bathrooms | 1 |
| Full Bathrooms | 1 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 1500 |
| Year Built | 1975 |
| Age Of Building | 51 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Architecture Style | Rancher/Bungalow |
| Stories | 1 |
| Ownership Type | Freehold NonStrata |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Additional Parking, Garage Single |
| Rental Suites | Unauthorized Suite |
| Lot Size | 7623 |
|---|---|
| Lot Size Depth | Metres |
| Lot Size Frontage | 60.01 |
| MLS® # | R2968246 |
| Area | Cloverdale |
| Neighbourhood | Cloverdale BC |
| City | Surrey |
| Postal Code | V3S 3Y9 |
| Gross Taxes | $5,599.68 |
| Zoning | R3 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 18'0 x 18'0 ft |
| Main Level | Kitchen | 17'0 x 17'0 ft |
| Main Level | Primary Bedroom | 13'0 x 13'0 ft |
| Main Level | Bedroom | 10'0 x 10'0 ft |
| Main Level | Bedroom | 10'0 x 10'0 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
Listed by: Westmont Realty Inc.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,239,000 | $23,400 | $1,262,400 | — |
Comparable data is unavailable at the neighbourhood level. City-wide in Surrey, similar Single Family Residences average $1,385,000 across 6 active listings — this listing is 13.4% below the Surrey average. This property is flagged as a Hot Deal (15.8% price reduction) based on its competitive pricing and market demand.
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