Surrey residential development site sold for $3M
The 1.2-acre site sold for more than double its assessed value
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A medium-density residential development site in Surrey has sold for $3 million, Joe Varing Marketing Group of HomeLife Glenayre Realty reports.
The 1.2-acre property is located directly across the street from prominent developer who recently had an approved application to begin servicing works. The property has an assessed value of $1.17 million and was listed for $3.1 million.
The property is located at 17661 92 Ave., Surrey.
Lot Size: 1.2 acres
Property Type: Land
2018 B.C. Assessment Value: $1,176,300
Name of Brokerage: HomeLife Glenayre Realty Company Ltd.
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