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15915 84 Av 33 Unit Apartment Building For Sale Surrey, BC V4N 0W7
INVESTMENT HIGHLIGHTS
- Retail amenities nearby
- Natural light exposure
- Ample parking
- Access to public transit
- Heavy daytime foot traffic area
- Access to highway
EXECUTIVE SUMMARY
The McEvay Blair Multifamily Group of Marcus & Millichap proudly presents a rare opportunity to acquire The Citadel (the “Property”), strategically located at 15915 84 Avenue in Surrey’s highly desirable Fleetwood neighbourhood. Built in 2000, this well-maintained property features 33 strata-titled units on a 47,992 square foot site, offering both exceptional quality and future redevelopment potential. Originally constructed as condominiums, The Citadel offers a superior level of quality and finishes compared to typical rental apartment buildings. Each unit boasts spacious layouts, large balconies, dishwashers, gas fireplaces, and laundry hookups. Additional building amenities include a hydraulic elevator, secure underground parking, bike storage, security cameras, two laundry rooms, and ample storage space. The property also features a large office and an underutilized amenity room on the first and third floors. Situated in the thriving Fleetwood neighbourhood, The Citadel offers significant redevelopment potential under the proposed land use plan, which envisions mixed-use high-rise development of up to 30 storeys with a 4 FSR. Additionally, the stratified nature of the units provides flexibility for investors, allowing for the potential sale of individual units offering an additional exit strategy. This prime location and versatile investment profile make The Citadel a compelling opportunity in one of the fastest growing areas of Surrey.
PROPERTY FACTS
| Sale Type | Investment | Building Class | B |
| Sale Condition | Redevelopment Project | Lot Size | 1.10 AC |
| No. Units | 33 | Building Size | 47,992 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2000 |
| Apartment Style | Low-Rise | Parking Ratio | 1.17/1,000 SF |
| Zoning | CD | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 47,992 SF |
| No. Stories | 3 |
| Year Built | 2000 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | CD |
AMENITIES
UNIT AMENITIES
- Balcony
- Washer/Dryer
SITE AMENITIES
- Laundry Facilities
- Storage Space
- Bicycle Storage
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 696 - 778 |
| 2+2 | 25 | - | 857 - 931 |
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (76)
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15915 84 Av
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