North Surrey, Cedar Hills, V3T 3S5
6 bed
2 bath
1,410 sqft
House/Single Family
Built in 1957
7,950 sqft lot
5 parking
1 fireplace
Freehold NonStrata
RF zone
This property presents a remarkable opportunity for investors, particularly given the forthcoming Bill 44, which is set to increase the density on lots near public transit. Under this new legislation, properties near the public transit and back lane access can be developed into a potential sixplex. Buyer/Buyer's Agent to check with city. With a spacious 8,000 square-foot lot, 6 bedrooms, 2 bathrooms, including a rental suite downstairs. The potential rental income from this setup is substantial, with the capacity to cover a significant portion, if not the entirety, of the mortgage. Making it an attractive investment opportunity. Property is currently undergoing improvements.
$1,520,000 ($1,078/sqft)
Active
Listed
06/17/2024
Expiry date
Original price
Previous price
Gross taxes (2023)
$4,366.09
Property transfer tax
$28,400.00
Last Updated: 11/05/2024 12:57 PM
Courtesy of RE/MAX Performance Realty
Listed | Status | Original | List | Sold | Firm |
---|---|---|---|---|---|
06/17/2024 | Active | $1,480,000 | $1,520,000 | -- | RE/MAX Performance Realty |