$1,010,000

18998 62 AVENUE

Surrey BC V3S 8A3 - Cloverdale BC

About This Property

Empty lot, fully serviced, R3 ZONE, clear lot, closely to school, recreation centre, future skytrain hub, ready to build 3 story house+ redevelopment potential. Duplex plans provided with sale, no extra costs associated

Features

Near Shopping

Property Details

MLS NumberR3113199
Lot Size6,000 sqft
Days on Market130
StatusActive
Listed ByTeam 3000 Realty Ltd.

School Catchment

Elementary Latimer Road
Secondary Clayton Heights

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,200,000Median home value
$123,000Median household income
85.8%Owner-occupied
72.8%Single-detached homes
3.1Avg household size
43.6Median age
24.4%Bachelor's degree or higher (25-64)
58.3%Commute under 30 min
92.9%Drive to work
28%Foreign-born residents
7,266Neighbourhood population

Age

Under 15: 16.6%15 to 64: 62.9%65 and over: 20.5%
  • Under 1516.6%
  • 15 to 6462.9%
  • 65 and over20.5%

Household size

  • 1 person13.3%
  • 233.5%
  • 317.3%
  • 420.2%
  • 5 or more15.8%

Language spoken at home

68% English mother tongue

  • Punjabi14.9%
  • English + other3.7%
  • Mandarin1.2%
  • German1.2%
  • Cantonese0.8%
  • Tagalog0.8%
  • All others9.4%

Mother tongue, share of 7,260 residents.

How this pocket differs

  • more seniors 65+ than Cloverdale BC 20.5% vs 14.6%
  • fewer people living alone than Cloverdale BC 13.3% vs 17.9%
  • Median household income is higher than Metro Vancouver $123,000 vs $90,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Sales History

DateSale Price
May 2, 2023$1,312,500

Source: BC Assessment (public records).

Land & Development

Lot size5,980 sqft
Lot dimensions63 × 97 ft
Lot shapeRectangular
Transit-oriented potential (Bill 47 / TOA)
Transit areaTier 3within 800 m of a station
Max density3 FAR
Max height8 storeys
Est. buildable~18,026 sqft
Nearest stationClayton Station (future, ~2029)771 m away

Within a provincially designated Transit-Oriented Area, this lot may support up to 3 FAR / 8 storeys regardless of base zoning. Provincial minimums and approximate — municipal rezoning, servicing and parking standards still apply.

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 $5,025
Mortgage payment$4,571
Property tax$354
Home insurance$100
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Aug 25

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