10712 140 St 0.2 Acres of Residential Land Offered at $1,188,000 CAD in Surrey, BC V3T 4N8

This offering presents a rare development opportunity in the heart of Surrey City Centre, a market set for continued transformation. The property encompasses a 8,901-square-foot flat corner lot with R3 zoning and alignment under Surrey’s 2050 OCP for “Low Rise 1,” supporting future residential development of three to six stories. The recent demolition of the existing home accelerates readiness for construction, eliminating costly and time-intensive tear-down phases. Developers can immediately pursue duplex or house-plex construction, or strategically hold for assembly and eventual mid-rise redevelopment potential.
Located opposite an elementary school and steps from a family-friendly park and dog park, this site combines community connectivity with urban convenience. It is minutes from Central City Mall, Simon Fraser University’s Surrey campus, and the future SFU Medical School, positioning the asset near an educational and employment hub. The property also benefits from close proximity to SkyTrain rapid transit, key arterials, and major redevelopment projects shaping Surrey into Metro Vancouver’s secondary downtown. This combination of transit-adjacent location, progressive zoning policy, and an increasingly vibrant urban core creates exceptional long-term value for builders, investors, and developers seeking to capitalize on one of British Columbia’s fastest-growing city centers.