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Investment Highlights

  • Approved mixed-use development plan featuring 12 residential units with ground-floor commercial.
  • Walking proximity to waterfront, dining, retail shops, and local services.
  • Provides strong long-term growth and rental demand potential due to regional population expansion.
  • Located in Crescent Beach, a highly desirable Surrey coastal neighborhood known for its leisure-focused lifestyle.
  • Limited supply of comparable development opportunities in this established submarket.

Executive Summary

This offering represents a rare chance to acquire an approved three-storey mixed-use development site in the vibrant Crescent Beach community of South Surrey. The property spans approximately 10,880 square feet and is positioned in one of the region’s most desirable coastal submarkets. It is fully entitled for a boutique mixed-use project that envisions around 1,685 square feet of ground-floor retail or commercial use with 12 residential units above, creating a revenue-generating asset in a high-demand neighborhood.
Within walking distance of Crescent Beach, shops, restaurants, and essential amenities, the site benefits from exceptional walkability and the unique charm of this established seaside destination. Surrey continues to experience strong population and economic growth, which, combined with constrained development supply in Crescent Beach, enhances the long-term investment appeal. The approved design maintains the character of the area while maximizing allowable density, ensuring a project that aligns with civic expectations and market demand. This property is well-suited for developers and investors seeking a shovel-ready infill opportunity in a thriving, lifestyle-driven coastal market.

Property Facts

Price $2,315,656 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Storefront, Retail or Office
Total Lot Size 0.25 AC
Zoning CG2

1 Lot Available

Lot

Price $2,315,656 USD
Price Per AC $9,271,153.98 USD
Lot Size 0.25 AC

Description

The property is located along 28 Avenue within the Ocean Park/Crescent Beach community of South Surrey. It is positioned near recreational areas, neighborhood retail, and local transit options. The surrounding road network provides connectivity to King George Boulevard and Highway 99. The immediate vicinity is a mix of residential and limited commercial uses, with public amenities and multiple parks nearby.

Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
  • Listing ID: 41076691

  • Date on Market: 6/26/2026

  • Last Updated:

  • Address: 12758 28 Av, Surrey, BC V4A 2P4

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