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Investment Highlights

  • Designated for mid to high-rise residential development under the Surrey City Centre Plan.
  • Existing side-by-side duplex provides interim holding utility.
  • Located near Surrey Memorial Hospital and the health district.
  • Corner lot location offers multiple frontage exposures.
  • Minutes from SkyTrain stations and regional transit connections.
  • Situated within Surrey City Centre's evolving urban core.

Executive Summary

Positioned within Surrey City Centre, 9935-9937 138 Street presents a rare opportunity to acquire a corner property designated for mid to high-rise residential development under the current Surrey City Centre Plan. The 10,127-square-foot site is improved with a side-by-side duplex, providing holding income potential while future development plans are evaluated. The existing improvements require renovation, creating flexibility for investors, developers, and land assemblers seeking long-term redevelopment potential.
The property's location places it within one of Metro Vancouver's most active urban growth areas. Surrey City Centre continues to attract significant residential, institutional, healthcare, and commercial investment, supported by rapid population growth and ongoing transit-oriented development. The site benefits from convenient access to SkyTrain service, providing direct regional connectivity throughout Metro Vancouver. Surrey Memorial Hospital and the surrounding health district are located nearby, creating a substantial employment and service hub that supports long-term residential demand.
Additional nearby amenities include Surrey Central's retail, dining, entertainment, and civic facilities, along with educational institutions and municipal services that contribute to the area's ongoing evolution as Surrey's downtown core. The corner positioning enhances visibility and access, while the property's location within the City Centre planning framework offers future redevelopment appeal for buyers seeking exposure to Surrey's continued urban expansion.

Property Facts

Price $1,884,781 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Apartment Units
Total Lot Size 0.23 AC
Zoning R2 - Quarter Acre Residential Zone

1 Lot Available

Lot

Price $1,884,781 USD
Price Per AC $8,194,700.36 USD
Lot Size 0.23 AC

Description

MID TO HIGH RISE RESDIDENTIAL ZONING under the current Surrey City Centre Plan. 10,127sqft CORNER LOT with a side by side duplex. The building is in need of renovations. Minutes to SKYTRAIN, shopping, Surrey Memorial Hospital, the health district, and much more, this location cannot be beat. Call today for further information

Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
  • Listing ID: 42055423

  • Date on Market: 9/4/2026

  • Last Updated:

  • Address: 9935-9937 138 St, Surrey, BC V3T 5E3

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