A Surrey property once listed at $17.5M returns at $7.65M, with its value tied mostly to the land and future industrial potential.
A Shocking Price Cut That Turns Heads
When a Surrey listing loses millions off its asking price, people notice. And this one? It’s jaw-dropping. A rural property at 9072 187th St. was first posted in 2023 for $17.5 million. Now, after a series of price drops, it’s back on the market at $7.65 million less than half the original tag.
A Listing Far Above Its Assessed Value
At first, the high price seemed puzzling. After all, the 2024 assessment pegs the property at $7,248,000, with the land itself valued at $6.12 million. And yes, that land matters. The lot stretches across 4.99 acres in the Anniedale-Tynehead area, and because of that, it holds future-use potential that keeps buyers curious.
A Long History and a Lot of Land
Although the home last sold in 2007 for $2,010,000, time has taken its toll. The house is now more than 60 years old, and photos show a structure that could use some love. Still, the wide-open space offers room to dream, and that space is exactly why the price story gets interesting.
Value Rooted in What Comes Next
The listing makes one thing clear: the land is the real prize. The area is designated for Industrial Business Park use under the Anniedale-Tynehead plan. Because of this, buyers are urged to check with the City of Surrey about future development options, and that future potential keeps the property in demand.
What the Home Still Offers
While the land carries the weight of the price, the house is included. It brings three bedrooms, two bathrooms, and around 2,300 sq. ft. of space. It’s simple, it’s quiet, and it sits in a rural pocket of Surrey, with downtown Langley being the closest major hub.
A Roller-Coaster Listing Timeline
The ups and downs have been dramatic.
- July 2023: $17,500,000
- Dropped to $15,900,000
- Listing pulled
- October 2025: relisted at $14,500,000
- Later cut to $11,899,000
- Relisted again this month at $7,650,000
With each change, interest shifts, and the story continues to evolve as buyers weigh land value against long-term potential.
A Quiet Spot With Big Possibilities
Although the address sits far from city buzz, the location offers something different: space, future industrial promise, and nearly five acres waiting for the right vision. With a price now aligned with its assessed value, the property’s next chapter may come sooner rather than later.
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