39,175 square feet multi family development sells for $12 million
Surrey 0.8-acre land assembly sells for nearly three times assessment
Re/Max 2000 Realty
Western Investor
Five-lots assembled in Guildford area with potential for high-density residential development sold for $12 million.
Property type: Land assembly
Location: 14076,14066,14056,14046 and 14036 103A Avenue, Surrey, B.C.
Number of lots: 5
Land size: 39,175 square feet
Land size in acres: 0.899 acres
Zoning: RF
Potential: Multi-family development of 2.5 to 3 FSR (floor space ratio), under OCP.
BC Assessment value: $4.53 million
Sale price: $12 million
Date of sale: November 11, 2021
Brokerage: Re/Max 2000 Realty, Surrey, B.C.
Broker: Sonia Khari
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12-01-2022