4938 188 STREET, Surrey
4938 188 STREET, Surrey, BC V3S0L5
$2.7M total
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Asset Class
Land
Size
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Building class
C
Zoning
AG — Agricultural
$ / SF
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Occupancy
91%
Lot Size
21.431 ac
About this property
NEARLY 21.5 ACRES ON THE SURREY/LANGLEY BORDER! Great location just off Hwy 10, on a quiet no-thru street w/ beautiful Mt Baker views! A rare opportunity to build your dream estate, w/ the majority of the property situated OUTSIDE THE FLOODPLAIN (per Surrey COSMOS). Skip the preload & start planning your build! Zoning permits a main residence up to 5400 SQFT & a barn up to 10,000 SQFT (buyer to verify). Bring your trucks, equipment & ideas! Planted mostly w/ Duke blueberries (2013) w/ approx 3 acres of Elliot blueberries requiring TLC/replanting. Irrigation sourced from Nicomekl River. Continue farming or transform the property to suit your vision. Minutes to Hwy 10, Willowbrook Mall, golf courses & Surrey amenities. Buyer to verify all info. DO NOT ENTER PROPERTY WITHOUT APPOINTMENT. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$12K
Projected NOI
$119K
Annual cash flow
$-30K
Cash-on-cash
-3.74%
DSCR
0.80
Going-in cap
4.42%
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
123,802
Households
46,179
Median income
$75,500
Median age
42.1
Daytime population
148,267
5-yr growth
2.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 4938 188 STREET, 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.