The 30 detached homes of Surrey Countryside have been well maintained and fully rented prior to the sale annoucement. The properties are located in the Urban Area of West Newton in South Surrey. The portfolio consists of 128,220 sf of land, with over 42,246 sf of rentable area at a current buildout of 0.33 FSR. This is the perfect holding property for potential townhome/duplex redevelopment should a change to the neighbourhood community plan be considered in the future.
Additional Information
Location
Land
Building
Financial
Sales Data
Mortgage Calculator
Address7613 125th Street
CitySurrey
ProvinceBC
ZoneBC
Primary Property TypeMulti-Family
Interest In LandFreehold
Potential to Redevelop?No
Environ. Assessment Done?No
Reports AvailableNo
Building TypeResidential Mix
Subject Space SqFt128220
Transaction TypeSold
Sale TypeAsset
List Price26500000
Is this a Sublease?No
Register with Klein to view Sales Data
Register with Klein Commercial to get access to Sales Data and more:
Five Best Reasons to Bet on Multifamily Investments
July 16, 2023
“Multifamily investments, particularly those based on value-based strategies have been eyed by real estate investors for years. The successful execution of a multifamily investment offers excellent risk-adjusted returns compared to other classes of real estate. Knowing how to execute them is not easy, that’s why we specialize in multifamily investment – because we know what […]
How to Retire for the Price of a Condo? Here's how!
May 31, 2023
Retire with the right investment for the same price Thinking of selling your home? Do you want to retire and make your money work for you? The decision is about how you utilize your money, what decisions you make, and how you can maximize its potential. Now you are thinking that you might want to […]
Western Investor - Chilliwack 2.4-acre industrial site sells for $5.5 million
July 23, 2021
Considered a record per-acre price for Chilliwack industrial, the site is zoned for service industrial on Progress Way. Property: Industrial Location: 44394 Progress Way, Chilliwack Size of property: 6,700 square feet (2 buildings) Size of land: 2.5 acres Zoning: M-I Industrial Sale price: $5.5 million Date of sale: March 31, 2021 Brokerage: Klein Group – […]
Beautiful British Columbia's geography poses a challenge for housing. 2.4M out of 4.6M (54% of total) British Columbians lived in Greater Vancouver based on 2016 census. Geographically, Greater Vancouver only occupies 0.31% of British Columbia's land mass. Moreover, Greater Vancouver's growth is limited in three directions: mountains to the north, ocean to the west, and […]
