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Central Surrey 0.47-acre development site fetches $4 million

The 20,997-square-foot land assembly in Surrey City Centre is designated for multi-family development and has income producing property close to SkyTrain station.
Frontline Real Estate Services, Surrey, for Western Investor

Property type: Development land

Location: 10984-86 Ravine Road and 10970 132 Street, Surrey, B.C.

Size of land: 20,449 square feet

Land size in acres: 0.47 acres

Designated: Low-to-mid-rise residential up to 2.5 floor space ratio (FSR)

Sale price: $4.07 million

Brokerage: Frontline Real Estate Services, Surrey, B.C.

Brokers: Mike Harrison, Adam Lawrence and Justin Mitchell