DEVELOPMENT POTENTIAL South Newton Development Opportunity - Plans Ready for 36-Unit Building Across 2 Lots (One Lot for Sale) This is a rare chance for a small-scale or first-time developer to step into a ready-to-build project with low overhead and high potential. One owner selling a 9,463 sqft lot, but this property comes with plans in place for a 36-unit, 4-storey building that spans this lot and the adjacent one (assembly discussions in progress or opportunity to acquire next door). Located in the South Newton Neighbourhood Concept Plan, the site is already surrounded by established townhouse and multifamily developments - the path is paved. Key Details: Townhouse designation (up to 25 U.P.A.) Plans for 36-unit building covering this lot + adjacent property. Existing home generates approx. $6,200/month in rental income. Renovated and finished basement with separate entry.Private fenced yard with 3 decks (1 fully covered) Buy now, build later, or negotiate to complete the assembly. (id:58426)
| MLS® Number | R3004326 |
| Property Type | Single Family |
| Neigbourhood | Newton |
| ParkingSpaceTotal | 7 |
| BathroomTotal | 4 |
| BedroomsTotal | 5 |
| Age | 65 Years |
| ArchitecturalStyle | 2 Level |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructionStyleAttachment | Detached |
| FireplacePresent | Yes |
| FireplaceTotal | 2 |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| SizeInterior | 3190 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
| Carport | |
| Open |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeIrregular | 9477 |
| SizeTotal | 9477 Sqft |
| SizeTotalText | 9477 Sqft |
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/28336031/14339-60-avenue-surrey
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Mandeep Rai
Personal Real Estate Corporation
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