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Investment Highlights

  • 2.12-acre site with preliminary concept for 273 apartment units.
  • Located less than 400 meters from the future Hillcrest 184 Street SkyTrain Station.
  • Walking distance to transit, parks, schools, and the Clayton Community Centre.
  • Designated for Low-Rise and Mid-Rise Residential in the Clayton Corridor Plan.
  • Draft site plan includes 220,500 buildable square feet in a six-storey building form.

Executive Summary

This 2.12-acre land parcel represents a significant development opportunity in Surrey’s rapidly growing Clayton Corridor. Situated at 72 Avenue and 182 Street, the site is part of the new Clayton Corridor Plan and benefits from its designation for Low-Rise and Mid-Rise Residential use. Positioned less than 400 meters from the future Hillcrest 184 Street SkyTrain Station, this property enjoys Tier 2 Transit-Oriented Area classification, which permits densities up to 12 storeys at 4.0 FAR.
A preliminary site plan envisions approximately 220,500 buildable square feet with 273 potential apartment units, making it suitable for both market condominium and rental developments. This location provides unparalleled connectivity and long-term growth prospects as the Fraser Highway SkyTrain extension transforms the area into a vibrant residential hub. Strong community amenities, including parks, schools, and the Clayton Community Centre, are within walking distance, enhancing its attractiveness for mixed-tenure housing projects. With a competitive asking price of $12,800,000 ($58 per buildable sf), this site offers developers an extraordinary opportunity to deliver much-needed transit-oriented housing in Metro Vancouver’s fastest-growing municipality.

Property Facts

Price $12,800,000 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
Total Lot Size 2.12 AC
Zoning Residential - Residential

1 Lot Available

Lot

Price $12,800,000 CAD
Price Per AC $6,037,735.85 CAD
Lot Size 2.12 AC

Description

The subject property is 2.12 acres at 18222 and 18252 72 Avenue in Surrey within the Clayton Corridor area. The parcels fall under the Clayton Corridor Plan and are designated for Low-Rise and Mid-Rise Residential development. Application status is currently pending, and each lot has an existing tenanted detached home. Property tax for 2025 is noted as $51,476.04. The site falls within the city's Tier 2 Transit-Oriented Area, supporting higher density development based on proximity to the planned Hillcrest 184 Street SkyTrain Station.

Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 40698728

  • Date on Market: 2026-05-28

  • Last Updated:

  • Address: 18222-18252 72 Ave, Surrey, BC V4N 6B7

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