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The existing residence dates to 1948, but the opportunity here is centred on the land and its future potential. Set on a substantial property in an established Surrey neighbourhood, this offering is best suited to buyers looking beyond the home’s current configuration and finishes and considering what may be possible for the site over time. The property is being sold without a Property Disclosure Statement. Buyers are encouraged to conduct their own independent due diligence regarding the existing home, property condition, zoning, development potential and any intended future use.
An 8,836 sq.ft. R3 Urban Residential lot in Surrey City Centre offering significant redevelopment potential. Surrey’s R3 zoning supports small-scale multi-unit housing, with potential for up to 4 dwelling units—or up to 6 units on qualifying properties within a Frequent Bus Stop Area. Permitted housing forms may include single-family, duplex and houseplex development, subject to site and access requirements.
Current R3 regulations may allow approximately 6,028 sq.ft. of duplex floor area or approximately 6,458 sq.ft. of houseplex floor area, with further opportunities for secondary suites, coach houses or garden suites depending on the development configuration. Houseplex development requires a corner lot, through lot or lane access.
The property is also designated Urban I / Urban Residential within Surrey’s City Centre Plan, with the property report identifying a 1.0 FAR.
A compelling opportunity for builders and developers looking to capitalize on Surrey’s transition toward higher-density, ground-oriented housing. Buyers should independently verify zoning, permitted density, unit count, floor area, access, setbacks, servicing requirements and development potential with the City of Surrey.
