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High-density development site in Surrey trades for $4.1M an acre

New provincial development rules increase options for site
12862-24-avenue-surrey
A one-acre development site with holding income at 12862 24 Ave., Surrey, sold Sept. 5, 2024, for $4.1 million.

DEAL | A future development site at 12862 24 Ave, Surrey, sold Sept. 5 for approximately $4.1 million. The one-acre property, improved with a single-family residence, holds RA zoning but could accommodate higher density under new provincial rules. The existing residence provides steady holding income.

PRICE | $4,100,000

FROM | Joe Varing, Varing Marketing Group