14633 56 Av 0.86 Acres of Residential Land Offered at $4,900,000 CAD in Surrey, BC V3S 1B6
INVESTMENT HIGHLIGHTS
- Private, sunny back yard and lovely garden areas
EXECUTIVE SUMMARY
This property holds excellent development potential today, or long term holding value for that patient buyer who's willing to wait for a new neighborhood plan. Current NCP was approved in 1999, with an amendment in 2004, which we believe is outdated. Current Max Density is 1/2 Acre, however the City has expressed support for a rezone to RQ which would allow 1/4 lots. There is an active application on the North Western neighbor's property that would rezone that property to RQ and provide an immediate comparable to the subject property.
PROPERTY FACTS
| Price | $4,900,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.86 AC |
| Zoning | SR - Single Residence |
1 LOT AVAILABLE
Lot
| Price | $4,900,000 CAD |
| Price Per AC | $5,705,835.09 CAD |
| Lot Size | 0.86 AC |
This property holds excellent development potential today, or long term holding value for that patient buyer who's willing to wait for a new neighborhood plan.
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CONTACTS
-
Wells Macey -
Josiah Cockrill -
Momentum Realty Inc.
