Rare Surrey offering situated on 1.41 AC. Excellent investment / holding property for future development site. Well maintained 57 unit 3 storey apartment building. Only minutes walk to City Centre, skytrain, Surrey Place, library, etc. Surrey City Centre fast growing trending neighborhood with Two local, major post-secondary educational institutions, Simon Fraser University and Kwantlen Polytechnic University are nearby the site.The current Floor Area Ratio (FAR) for this site is 2.5 for potentially 153,500 square feet of buildable (+-). Many sites surrounding this lot are zoned Comprehensive Developments, (CD Zones). As density expands out from the City Center there is a trend for lots to apply CD zoning. The current zoning and the increase of allowable densities in adjacent properties may support an increase in allowable density. (id:21083)
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