$1,749,000

10038 10040 128 Street, Surrey, BC V5N 5K7

MLS® R3111022

Description

26 Jul Open House Cancel. Welcome to Cedar Hills! This full up/down duplex sits on a massive 10,000+ sf. lot with convenient back lane access, offering an outstanding investment and redevelopment opportunity. Currently generating approx. $6,000 pm from multiple rental streams, this property provides strong holding income while you plan for the future. Located in the highly desirable Cedar Hills neighbourhood, this property falls within the R3 zoning designation, allowing for a variety of housing options including duplexes, triplexes, 4plexes, and configurations of up to 6 dwelling units (buyer to verify with the City of Surrey). Whether you're an investor, builder, or developer, this is a rare chance to secure a prime property with excellent cash flow & significant redevelopment potential.

Property

Property type

Residential Income

Style

Duplex

Structure

Multi Family

Year built

1,970

Age

56 years

Ownership

Freehold NonStrata

Levels

Two

Interior

Bedrooms

6

Bathrooms

4

Full bathrooms

3

Half bathrooms

1

Living area

2,652 sq ft

Main floor finished area

1,326 sq ft

Basement

Full

Appliances

Washer, Dryer, Refrigerator, Stove

Systems

Heating

Forced Air

Security

No Fire Sprinkler System, No Smoke Detector(s)

Lot and parking

Lot size

10,290 sq ft

Lot dimensions

70 x

Lot features

Central Location, Recreation Nearby

Parking spaces

10

Parking

Other

Carport spaces

No

Strata and restrictions

Strata fee

No

Age restriction

No

Costs

Annual property tax

$6,132

Tax year

2,025

Land lease

No

Location

Area

North Surrey

Neighbourhood

Cedar Hills

Complex or subdivision

Surrey Central

Waterfront

No

Community features

Shopping Nearby