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9937 138 Street
Whalley Surrey V3T 5E3

$4,600,000
Multi-Family Commercial

Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8066054
Build. Type:
Residential Mix
RARE high rise development opportunity offering situated on 10,127 sqft. Excellent investment/holding property for future development site. Only minutes walk to City Centre, SkyTrain, Surrey Place, library, etc. Surrey City Centre fast growing trending neighborhood with two local, major post-secondary educational institutions, Simon Fraser University & Kwantlen Polytechnic University are nearby the site. The current Floor Area Ratio (FAR) for this site is 3.5. Many sites surrounding this lot are zoned Comprehensive Developments (CD Zones). As density expands out from the City Centre there is a trend for higher (FAR). The current zoning and the increase of allowable densities in adjacent properties may support an increase in allowable density.
Sale Type:
Asset or Share
Construction:
Concrete Block
Building Type:
Residential Mix
Name of Complex/Subdivision:
# Other Units:
# Storeys:
2.0
Year built:
1978 (Age: 47)
Total Floor Area:
4,300 sq. ft.
Lot Area:
10,127 sq. ft.
Lot Depth:
85
Lot Frontage:
119'6¼"
Land Use/Zoning:
DUPLEX
Permitted Use:
Residential
Taxes:
$12,254.44 / 2024
Services Connected:
Electricity at Lot Line, Natural Gas at Lot Line, Sanitary sewer at Lot Line, Storm Sewer at Lot Line, City Water at Lot Line
Water Supply:
Municipal
Water Rights:
No
HVAC:
Forced Air
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
Listed by Sutton Group-Alliance R.E.S.
Data was last updated January 29, 2025 at 07:10 PM (UTC)
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