Large scale development opportunity! Present improvements comprise of one legal lot, lot B, of 11 low and medium rise rental buildings with a total of 156 units.
The land is square in shape and has approximately 545 ft of frontage along 104th and 105th Avenue, with a depth of approximately 510 ft. Total site size is 277,730 sf or approximately 6.38 acres.
Current Floor Area Ratio (FAR) is 3.5 with potential bonus density – Lot B is zoned as RM-45, Multiple Residential Zone. This property is located within a mid to high rise area.
In 2016 a draft master planned development concept scheme was discussed with a long range planner at City of Surrey, who is receptive and positive to the scheme. The previous proposed development envisioned approximately an average FAR multiplier of 4.8. Contact Listing Broker for more details.