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18148 92 Av 5 Acres of Commercial Land Offered at $10,888,000 CAD in Surrey, BC V4N 3Y6
INVESTMENT HIGHLIGHTS
- 5 acres with opportunity to expand the site area by 15 additional acres
- Significant opportunity to assemble a 20-acre mixed-use residential development site
- Two of the three neighbouring properties are also currently listed for sale (18190 & 18208 92nd Ave)
EXECUTIVE SUMMARY
Improvements - The property is improved with a renovated, 5-bedroom, 3-bath, 7,200 SF rancher complete with indoor swimming pool and sauna, which is currently rented.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $10,888,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 5.00 AC |
| No. Lots | 1 | ||
| Zoning | A-1 - General Agriculture Zone | ||
| Price | $10,888,000 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 5.00 AC |
| Zoning | A-1 - General Agriculture Zone |
1 LOT AVAILABLE
Lot 6
| Price | $10,888,000 CAD | Lot Size | 5.00 AC |
| Price Per AC | $2,177,600.00 CAD |
| Price | $10,888,000 CAD |
| Price Per AC | $2,177,600.00 CAD |
| Lot Size | 5.00 AC |
$2M PRICE REDUCTION | 5-Acre Residential Development Site - Designated High Density Cluster 10-15 UPA Priced Well Below Assessed Value
DESCRIPTION
The Subject Property is located in a newly designated and supported urban development neighbourhood in Surrey, known as Anniedale-Tynehead. It is anticipated to accommodate approximately 20,000 residents in the future. The neighbourhood is strategically positioned to the south of Highway 1 and east of Highway 15. Currently, the area is predominantly zoned for agricultural use. The most recent Neighbourhood Concept Plan (NCP), approved by the Council in July 2022, has reclassified the land use for mixed residential purposes and authorized the staff to proceed with the processing of development applications. The use of the Subject Property is designated as “High Density Cluster 10-15 units per acre” under the guidelines. Several applications have already been submitted to the City in the immediate vicinity of the Subject Property (please refer to nearby development applications on the following page). There is currently a 5-acre site applying for a 110-unit condo development, and a 15-acre site applying for a 194-unit townhouse project.
Presented by
18148 92 Av
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