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Key Details
Sold Price $1,490,000
Property Type Single Family Home
Sub Type House/Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,645 sqft
Price per Sqft $563
Subdivision Cedar Hills
MLS Listing ID R2860553
Sold Date 03/21/24
Style 2 Storey
Bedrooms 6
Full Baths 3
Half Baths 1
Abv Grd Liv Area 1,290
Total Fin. Sqft 2645
Year Built 1959
Annual Tax Amount $5,279
Tax Year 2023
Lot Size 7,200 Sqft
Acres 0.17
Property Description
This property presents a remarkable opportunity for investors, particularly given the forthcoming Bill 44, which is set to increase the density of corner lots near public transit. Under this new legislation, the property can be developed into multifamily housing, offering options for duplex, triplex, or even fourplex configurations. with a spacious 7,200-square-foot lot, 6 bedrooms, 4 bathrooms, including rental suites 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. It''s estimated that the property could generate close to $6500 in rental income, making it an attractive investment opportunity. Call us now
Location
Province BC
Community Cedar Hills
Area North Surrey
Zoning SFR
Rooms
Other Rooms Living Room
Basement Full, Fully Finished, Separate Entry
Kitchen 3
Separate Den/Office N
Interior
Interior Features ClthWsh/Dryr/Frdg/Stve/DW
Heating Forced Air
Heat Source Forced Air
Exterior
Exterior Feature Sundeck(s)
Garage Add. Parking Avail., Open
Roof Type Asphalt
Lot Frontage 65.0
Total Parking Spaces 6
Building
Story 2
Sewer City/Municipal
Water City/Municipal
Structure Type Frame - Wood
Others
Tax ID 000-659-169
Ownership Freehold NonStrata
Energy Description Forced Air
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Bought with Royal Pacific Realty (Kingsway) Ltd.
