Great opportunity to purchase 3 adjacent lots (10598, 10606 & 10620 132nd Street) in the (Bailey) neighbourhood of Surrey City Centre. Situated within a 5 minutes drive to the Skytrain, Shopping, Schools and City Hall this is a prime location for investors. The 3 properties combined form a 23,568 square foot parcel. The City OCP allows up to 2.5 F.A.R. Currently each lot has 1 single family dwelling. There is currently a development application with the City of Surrey that has achieved third reading. Buyers may potentially build a 5 Storey apartment building with a 2 storey townhouse base consisting of 65 dwelling units.
Link to Surrey City Centre Official Community Plan - http://www.surrey.ca/files/City%20Centre%20Plan.pdf