1/515951 108A AVENUE, Surrey
15951 108A AVENUE, Surrey, BC V4N6S2
$1.2M total
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Asset Class
Land
Size
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Building class
C
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
91%
Lot Size
0.18484848484848485 ac
About this property
Rare opportunity to acquire up to 6 contiguous vacant lots (15911, 15921, 15931, 15941, 15951, 15961 108A Ave) in the heart of Fraser Heights, steps to Erma Stephenson Elementary, Fraser Heights Secondary, shops, parks and amenities. Each lot is approx. 8,052 sf (66 x 122 ft), level and uncleared, ideal for builders, developers or end users. Current RA zoning permits a single family home with secondary suite (approx. 4,325 bsf) or a duplex with secondary suites (approx. 7,242 bsf), subject to City of Surrey approval. Buy one lot or build a streetscape. 2023 survey, 2022 arborist report, zoning summary, and City COSMOS utility map available. Buyer to verify all measurements, servicing and development potential with the City of Surrey. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$52K
Annual cash flow
$-14K
Cash-on-cash
-3.98%
DSCR
0.78
Going-in cap
4.35%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
94,218
Households
37,314
Median income
$72,500
Median age
41.5
Daytime population
109,642
5-yr growth
5.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 15951 108A AVENUE, Surrey.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.