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Investment Highlights

  • 1.16-acre development site in Surrey's South Newton neighbourhood.
  • Preliminary Layout Approval (PLA) in place for 112 units.
  • Convenient access to Highway 10 and major Surrey transportation routes.
  • 3rd Reading approval has been obtained.
  • Located near schools, parks, and neighbourhood amenities.
  • Positioned within an established and growing residential community.

Executive Summary

14318 60 Avenue presents an opportunity to acquire a 1.16-acre development site in Surrey's South Newton neighbourhood. The property has received 3rd Reading approval and has a Preliminary Layout Approval (PLA) in place for a 112-unit condominium development, offering a pathway toward a substantial residential project in one of Metro Vancouver's established growth corridors. The existing improvements include a residence constructed in 1983, while the property's primary value is tied to its approved development potential and land assembly characteristics.

Property Facts

Price $5,420,642 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 1.16 AC
Zoning RA - Residential

1 Lot Available

Lot

Price $5,420,642 USD
Price Per AC $4,672,930.83 USD
Lot Size 1.16 AC

1.16-acre South Newton development site with 3rd Reading approval and PLA for 112 condominium units. Located near schools, parks, shopping, and major transportation routes in Surrey.

Description

The property is a 1.16-acre site located at 14318 60 Avenue in Surrey, British Columbia. The site includes an existing residence constructed in 1983. Marketing materials indicate the property has received 3rd Reading approval and a Preliminary Layout Approval for a 112-unit condominium development. The property is situated within Surrey's South Newton neighbourhood near residential communities, schools, parks, local commercial services, and Highway 10 transportation access.

Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100
  • Listing ID: 41873719

  • Date on Market: 8/25/2026

  • Last Updated:

  • Address: 14318 60 Ave, Surrey, BC V3X 2N5

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