Investors required for Surrey High-Density Development

  • Listing id
    ehyfhphn
  • Categories
    Business / Commercial → Business For Sale
  • Asking price

    Open to offers

  • Quantity

    Not applicable

  • Tax
    Not applicable
  • Shipping & Handling

    Shipping to Canada only

  • Payment Terms

    Payment in advance only

    Seller accepts Cash

  • Posted
    6 years ago
partner
Calgary, AB
Member since January 16, 2018
Please only contact the seller if you are interested in buying or bartering for this item. Spam and fraud will not be tolerated.
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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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