For Sale
$13,300,000

6.81 Acre Townhouse Site in South Surrey

18087 24 Avenue
South Surrey, SURREY

6.81 ACRES | Residential Development Land
UNDER CONTRACT

The Opportunity

6.81 Acre Townhouse Site in South Surrey

This offering is an opportunity to acquire 6.81 acres of townhouse development land in the recently approved Redwood Heights Neighbourhood Plan. The property possesses a split land use designation, allowing townhouse development of up to 22 or 30 units per acre. Recent approval of the neighbourhood plan has been followed by the submission of the first collection of development applications as the neighbourhood moves towards development.

Download brochure

Summary

Property
Attributes

Land Size

6.81 acres

Land Use Designation

Townhouse

Price

Sale Price

$13,300,000

Property Taxes (2019)

$48,879.94

Location

18087 24 Avenue
South Surrey, SURREY

View in Google Maps

Property
Features

The subject property possesses two land use designations. The Townhouse designation permits development of townhomes at a density of up to 30 units per acre. The Multiple Residential designation permits development of slightly larger townhomes or rowhomes at a density up to 22 units per acre. A yellow-coded watercourse runs the length of the east property line and has been identified to require a 15 metre setback. The balance of the property is flat and only lightly treed.

About The
Location

The subject property is centrally located in the Redwood Heights Neighbourhood Plan. Once built out, the Redwood Heights neighbourhood will contain a comprehensive collection of amenities, new schools and parks. This property will benefit from these new amenities as well as the existing amenities and services at Morgan Crossing and Grandview Corners. Highway 15 borders the neighbourhood plan, providing quick access to the rest of Surrey and Metro Vancouver to the north as well as the US border to the south.