An incredible opportunity to secure a prime ~0.88-acre rectangular lot with ~300 feet of frontage, located just 500 meters from Surrey Gateway Station. Situated within the Surrey City Centre Plan and designated Tier 3 Transit-Oriented Area under Bill 47, this property supports development of up to 3.0 FAR, unlocking tremendous potential for a medium-density…
An incredible opportunity to secure a prime ~0.88-acre rectangular lot with ~300 feet of frontage, located just 500 meters from Surrey Gateway Station. Situated within the Surrey City Centre Plan and designated Tier 3 Transit-Oriented Area under Bill 47, this property supports development of up to 3.0 FAR, unlocking tremendous potential for a medium-density multi-family or purpose-built rental project. Or pursue a higher density with the City of Surrey! With its unbeatable location in one of Metro Vancouver’s fastest-growing urban cores, this site is perfectly positioned for developers and investors ready to capitalize on the City’s next wave of growth. Ideal for rapid build-to-rent or build-to-sell strategies. Act fast, opportunities like this don’t last!
Features
No Outdoor Area
Other
Room measurements2 rooms▸
Living RoomMain · 5' × 5'
BedroomMain · 3' × 3'
Floor plan
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Property Details
MLS NumberR3065274
Property TypeOther
Bedrooms1
Bathrooms1
Square Feet1,000
Lot Size38,402 sqft
HeatingOther
Days on Market282
StatusActive
Listed ByLuxmore Realty
School Catchment
ElementaryJames Ardiel
SecondaryKwantlen Park
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$472,000Median home value
$63,600Median household income
56%Owner-occupied
11.6%Single-detached homes
2.3Avg household size
40Median age
31.4%Bachelor's degree or higher (25-64)
32.8%Commute under 30 min
62.1%Drive to work
52.5%Foreign-born residents
2,917Neighbourhood population
Age
Under 1513%
15 to 6469.5%
65 and over17.5%
Household size
1 person39.2%
228.3%
315%
410%
5 or more7.5%
Language spoken at home
44.1% English mother tongue
Punjabi6.2%
English + other5.7%
Mandarin5.5%
Tagalog5.5%
Spanish3.3%
Cantonese3.1%
All others26.6%
Mother tongue, share of 2,730 residents.
How this pocket differs
more seniors 65+ than Whalley 17.5% vs 12.4%
fewer Punjabi speakers than Whalley 6.2% vs 9%
more Spanish speakers than Whalley 3.3% vs 2.5%
fewer Tagalog speakers than Whalley 5.5% vs 7.2%
more Korean speakers than Whalley 3.1% vs 2.5%
Median household income is lower than Metro Vancouver $63,600 vs $90,000
Median dwelling value is notably lower than Metro Vancouver $472,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Land & Development
Lot size38,096 sqft
Lot dimensions128 × 299 ft
Lot shapeRectangular
Approximate lot lines (ParcelMap BC)
Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.
Monthly Cost Calculator
Estimated monthly cost$51,772
Mortgage payment$45,757
Property tax$5,515
Home insurance$500
Partner Rates Available
Contact us for preferred mortgage rates
Monthly cost
Estimated monthly$51,772
$8,490,000$11,490,000
20%50%
2.84%6.84%
5 years30 years
$52,681/yr$79,681/yr
$400/mo$600/mo
An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax.
5-year fixed, as of Aug 10
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