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Surrey high-rise development site commands $8.6M an acre

Transit-oriented location supports strong pricing
18375-fraser-hwy-surrey
A high-rise development site at 18375 Fraser Hwy., Surrey, sold Mar. 27, 2024, for $8.6 million an acre.

DEAL | A 1.1-acre high-rise development site at 18375 Fraser Highway, Surrey, sold for $9.45 million on Mar. 27, 2024. Located a short walk from the future SkyTrain station at 184 Street and Fraser Highway, the site is designated for substantial urban development with potential for high densities, mirroring nearby Fleetwood. The property’s competitive sale price of $8.6 million an acre reflected strong interest from top developers targeting the Fleetwood and West Clayton areas, making it a strategic acquisition in Surrey's ongoing urban transformation.

PRICE | $9,450,000

FROM | Joe Varing, Varing Group