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High-rise development site on Fraser Highway fetches $5.4M an acre

Fraser Highway corridor sites see strong demand from developers
13823-fraser-hwy-surrey
A high-rise development site at 13823 Fraser Hwy., Surrey, sold Feb. 13, 2024, for $4.85 million.

DEAL | A 0.9-acre property at 13823 Fraser Highway, Surrey, sold Feb. 13, 2024, for $4.85 million. Positioned along one of Surrey’s main transportation corridors, easy access to public transit and major roadways enhanced the site’s value. Fraser Highway is a critical artery that connects multiple residential and commercial sectors, making this location ideal for a high-rise development that could serve both residential and commercial uses. The sale reflects ongoing demand for high-density sites in Surrey’s expanding urban landscape.

PRICE | $4,850,000

FROM | Joe Varing, Varing Group