Investors required for Surrey High-Density Development

  • Listing id
    ehyfhphn
  • Categories
  • Asking price

    Open to offers

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    Not applicable

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    Shipping to Canada only

  • Payment Terms

    Payment in advance only

    Seller accepts Cash

  • Posted
    5 years ago
Member since January 16, 2018
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Investors required for a High-Density Development Site

City of Surrey, BC

Area: 2.5 Acre High-Density Development Site
Type: Stacked Townhouse/Apartment

TYPE 1 - Stacked Townhouse (30-45 UPA)
or
TYPE 2 - Apartment (45 UPA) (1.3+0.2 FAR Bonus)

The recently Approved Neighborhood Community Plan (NCP) by the city of Surrey to include commercial developments, stacked townhouses, and single-family homes etc.

This property is designated for 30-45 units per acre stacked townhouses or 45 apartments per acre or (1.3+0.2 FAR Bonus) Approx. 85000 Sq. ft. can be built.

This property doesn’t need to be consolidated if a comprehensive plan is submitted. There is a possibility to rezone the property to mixed-use live/work commercial underneath and residential above, which could increase the prospects even more.

The developer is looking to work with an equity partner.
Investment level required is 4,000,000


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