Property type: Industrial land
Location: 16055 Fraser Highway, Surrey, B.C.
Number of units: 16
Size of property: 18,200 square feet
Size of land: 39,472 square feet (approx.)
Land size in acres: 0.90 acres
Current zoning: CD/ 0.6 FAR (floor-area-ratio)
OCP proposed density: 2.5 FAR (6-storey)
Rezoning applied for: Three high-rise multi-family towers of 40 to 57 floors; and 87,000 square feet of commercial space.
List price: $12 million
Sale price: $12.33 million
Date of sale: July 23, 2021
Brokerage: Fraser Elliott Group, Delta, B.C.
Broker: Fraser Elliott