About This Property
Rare opportunity to secure a 2.18-acre property with significant upside under Surrey's evolving zoning framework. Under the City's updated SSMUH (Small-Scale Multi-Unit Housing) policies, this site may support 3-4 units (potentially up to 6 near transit) without traditional rezoning, offering valuable "as-of-right" density for future development. The property also presents a unique institutional pathway, with preliminary city feedback, indicating support for a potential Comprehensive Development (CD) application for a Veterinary Hospital & Wellness Hub (approx. 5,000 sq. ft.), making this an ideal opportunity for medical or specialty-use investors. BC Hydro easements are strategically positioned to allow for passive uses such as parking, landscaped buffer areas, or outdoor space, while maintaining a functional, unencumbered building envelope on the north portion of the site. In the interim, the property offers strong holding value with approximately $9,000/month in rent (id:64973)
At $666 per square foot, this Surrey property is priced competitively compared to the city's average of $712 per square foot. Its potential for redevelopment under the SSMUH policies makes it an attractive option for developers seeking to maximize the site's value. Given the significant lot size and zoning flexibility, this property would be well-suited for investors or builders looking to capitalize on Surrey's evolving real estate landscape.
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