For Sale
$22,900,000

16.73 Acre Development Property in South Surrey

2616 180 Street
South Surrey, SURREY

16.73 ACRES | Residential Development Land

The Opportunity

16.73 Acre Development Property in South Surrey

This offering is an opportunity to acquire a 16.73 acre multi-family development property in the Grandview Area 4 (Redwood Heights) neighbourhood of South Surrey. The designated land use allows for a variety of both detached and attached housing forms, including townhouses. Located just east of Morgan Crossing and Grandview Corners, development on the subject property will be well served by extensive amenities including dining, retail, banking, grocery, a brand new aquatic centre and much more.

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Summary

Property
Attributes

Land Size

16.73 acres

Price

Sale Price

$22,900,000

Taxes (2019):

$8,724.39

Location

2616 180 Street
South Surrey, SURREY

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Property
Features

The Grandview Area 4 (Redwood Heights) neighbourhood plan designates the subject property as Cluster Residential which permits development up to 10 units per acre (UPA) calculated on the developable area. The net developable area is estimated to be 8.01 acres, resulting in a theoretical yield of 80 units. The land use designation permits a variety of housing forms ranging from townhouse and duplex to detached single family.

About The
Location

The subject site is located in the Grandview Area 4 (Redwood Heights) neighbourhood of South Surrey, just east of the rapidly developing areas immediately surrounding Grandview Corners and Morgan Crossing. Grandview’s proximity to Highway 15 and Highway 99 provide easy access to Metro Vancouver, the US border and other parts of Surrey. On the north east boundary of the Grandview 4 neighbourhood plan area and adjacent to agricultural land, the future development will benefit from the amenities of the Grandview area while being in a quieter natural setting.