For Sale
$2,400,000

Future Development Property in North Clayton

19505 78 Avenue
Clayton, SURREY

2.49 ACRES | Residential Development Land

The Opportunity

Future Development Property in North Clayton

This offering presents an opportunity to secure a 2.49 acre future development property located in North Clayton, one of the few remaining neighbourhoods of Surrey yet to receive a neighbourhood plan. The longer term development horizon has held land values down and creates a relatively low cost barrier to acquire development land in Surrey. The subject property is on the eastern side of the North Clayton neighbourhood, across the street from the future park and elementary school site. The property contains a single family home as well as an outbuilding, renovated to be an additional 3-bedroom living space for family members.

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Summary

Property
Attributes

Land Size

2.49 acres

LAND USE DESIGNATION

Suburban - Urban Reserve

NEIGHBOURHOOD

North Clayton

Price

Sale Price

$2,400,000

Location

19505 78 Avenue
Clayton, SURREY

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Property
Features

In 2018 a petition was circulated to land owners to gather support for a neighbourhood plan (NCP) and planning staff were given approval from council to conduct the plan’s background study. These are the first steps towards determining future land use designations and timelines to development.

As North Clayton awaits its neighbourhood plan, development potential is indicated by Surrey’s Official Community Plan designation of Suburban-Urban Reserve. The North Clayton neighbourhood is bounded by West Clayton and East Clayton, neighbourhoods comprised primarily of townhouse and compact single family development. Furthermore, the subject property is located across the street from the site of a new park and elementary school that is under construction. Other neighbourhood plans have concentrated higher density housing forms adjacent to these school and park sites, particularly in Clayton. The southeast corner of the property is encumbered by a creek (see aerial and parcel photos below).

About The
Location

The subject property is located in the eastern half of the North Clayton neighbourhood of Surrey, which borders the Willoughby neighbourhood of the Township of Langley. Clayton is one of the youngest and fastest growing neighbourhoods in Surrey and offers a comprehensive list of amenities including a new community centre and quality schools, not to mention the amenities in nearby Willoughby such as the Langley Events Centre. The property also benefits from quick access to Highway 1 via 200 Street or Highway 15.