Opportunity

Central Surrey West Village Neighborhood-Land Development

Main Photo

 

Overview

  • Rare large-scale 6.38-acre potential rental/condominium redevelopment opportunity in Surrey City Centre
  • Well-maintained cash-flowing 11-building rental complex featuring 156 apartment & townhouse units
  • Capitalize on extreme demand for new market and rental housing in an established neighbourhood only two blocks to Surrey Centre Sky Train

ZONING DESCRIPTION

Lot B is zoned as RM-45, Multiple Residential Zone. Current  Floor Area Ratio (FAR) is 3.5 with potential bonus density –  This property is located within a mid to high rise area. In 2016 a draft master planned development concept scheme was discussed with a long range planner at City of Surrey, who is receptive and positive to the scheme. The previous proposed development envisioned approx. an average FAR multiplier of 4.8. Contact Listing Broker for more details.