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14938 92 Avenue
Fleetwood Tynehead Surrey V3R 1C1

$3,400,000
Land Commercial

Main Photo: 14938 92 Avenue in Surrey: Fleetwood Tynehead Land Commercial for sale : MLS®# C8056288
Photo 1: 14938 92 Avenue in Surrey: Fleetwood Tynehead Land Commercial for sale : MLS®# C8056288
Photo 2: 14938 92 Avenue in Surrey: Fleetwood Tynehead Land Commercial for sale : MLS®# C8056288
Photo 3: 14938 92 Avenue in Surrey: Fleetwood Tynehead Land Commercial for sale : MLS®# C8056288
Photo 4: 14938 92 Avenue in Surrey: Fleetwood Tynehead Land Commercial for sale : MLS®# C8056288
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Photo 7: 14938 92 Avenue in Surrey: Fleetwood Tynehead Land Commercial for sale : MLS®# C8056288
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Photo 17: 14938 92 Avenue in Surrey: Fleetwood Tynehead Land Commercial for sale : MLS®# C8056288
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8056288
Certainly! This property represents a significant opportunity, encompassing two parcels with a combined 24,000 sq ft lot. It features a 5000 sq ft house, offering potential rental income. Situated within 800m of the transit-oriented core, it aligns seamlessly with Fleetwood's pro-development plan, highlighting the city's keen interest in further densification. The property is strategically located in West Fleetwood's land use plan, emphasizing its importance in the context of BC Bill 47. The forthcoming Skytrain construction in 2024 enhances its development potential. To maximize this opportunity, consider seizing the standalone development or combining it with adjacent listed properties and other available city land. For a comprehensive investment strategy, it's crucial to recognize that this property must be sold as a package with 1494692 Ave #C8056285. This combined offering is ideal for investors and developers especially given the city's focus on the Skytrain corridor.
Sale Type:
Asset
Construction:
Concrete
Name of Complex/Subdivision:
# Other Units:
Lot Area:
14,840 sq. ft.
Acres Freehold:
14,810.4 sq. ft.
Lot Depth:
215
Lot Frontage:
69'
Land Use/Zoning:
RF
Permitted Use:
Multifamily (5+)
Taxes:
$0 / 2023
Services Connected:
Cable at Lot Line, Cable, Electricity, Natural Gas at Lot Line, Garbage Collection, Storm Sewer at Lot Line
Water Supply:
Municipal
HVAC:
Baseboard, Heat Pump
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by eXp Realty (Branch)
Data was last updated July 14, 2024 at 01:10 AM (UTC)
Bruce Long CCIM, FRI, PREC
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