C$16,990,000

Industrial land in Surrey City Centre, zoned CHI (Highway Commercial Industrial). Approx. 1.688-acre rectangular lot with ~300 feet of frontage, located 500 meters from Surrey Gateway Station. No Foreign Buyer Ban or 20% additional property transfer tax (confirm with your lawyer). The property is within the Surrey City Centre Plan and designated Tier 3 Transit-Oriented Area under Bill 47, supporting potential future development up to 3.0 FAR for medium-density multi-family or purpose-built rental, subject to approvals, with possible higher density through application to the City of Surrey. Suitable for build-to-rent, build-to-sell. Or hold and utilize existing CHI zoning as the area densifies. (id:41202)