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Investors required for Surrey High-Density Development

Listed In Category: Business / Commercial > Business For Sale
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Ad Information
Classified Id EHYFHPHN
Asking Price Seller is open to offers
Quantity Not applicable 
Tax Taxes are not applicable
Shipping & Handling
Seller will ship to Canada Only
Shipping cost is not applicable
Payment Terms
Payment in advance only
Seller accepts:
Cash  
Renewed Date12-Jun-2018 04:00:49 PM EST
Expiration Date 11-Aug-2018 04:00:49 PM EST
Seller Information
Partner member since 16-jan-2018
View Calgary Classifieds Calgary, Alberta, Canada
The seller is no longer accepting offers for this item.
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Classified Details
The Affordable Business Partner. Western Canada's Premier Commercial Real Estate Introduction Service. Where Business Professionals and Private Investors interested in business opportunities meet.

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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