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$2,175,000

13878 108 AVENUE

Surrey · MLS® R3162731

15,226 sq ft lot

Land · Vacant Land · 29 days on market

Listed by Ron Torres, Sutton Premier Realty

Realtor's description

WOW! Priced an extraordinary $1,000,000 below BC Assessment, this prime development site delivers the best price-per-square-foot in the neighbourhood! Situated in Surrey City Centre's "The Forsyth" pocket, the 15,226 sq. ft. parcel is OCP-designated for multi-family residential up to 2.5 FAR, right next door to existing 6-storey condos, Hendrix and Radley. Minutes from rapid transit, retail, parks, and schools, this is a rare, high-upside acquisition in a fast-growing urban core. A strategic site at this price point rarely hits the market. Contact today for the complete property brief and development package.

Property details

Type: Land, Vacant Land
Lot: 15,226 sq ft
Parking: 0
Property tax: $12,130 / yr
Days on market: 29
MLS®: R3162731

Property insights

On market 29 days

The market here

Listed now: 105 days; median for 207 homes for sale; this one 29 days

Homes in Surrey. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$10,487/mo

Mortgage $9,476 · Tax $1,011

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$9,476/ monthly

loan $1,740,000

25-year amortization

down payment20% · $435,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,102,880
property transfer tax: $43,250; BC general rate
cash to close: $478,250; down + PTT
total paid: $2,842,880

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 1,410 m² (15,177 sq ft) · PID 011-442-263. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Forsyth Road Elementaryhomes in this catchment
100 m away · 10730 139 St, Surrey · 604-588-8394
Secondary Kwantlen Park Secondaryhomes in this catchment
1.6 km away · 10441 132 St, Surrey · 604-588-6934

From the Surrey School District 36's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Development nearby

Rezoning for a 6 storey, 366 unit building
120 m away · 2026 · conditionally approved
Rezoning from Suburban Residential Zone (R1) and Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on RM-70); Subdivision (consolidation) from six (6) lots into one (1) lot; Development Permit to permit the development of 2 six-storey residential buildings containing 366 residential dwelling units and two levels of underground parking.
Rezoning for a 6 storey, 121 unit building
220 m away · 2024 · conditionally approved
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on RM-70); Subdivision (Consolidation) from four (4) lots into one (1) lot; Official Community Plan (OCP) Amendment to increase the maximum floor area ratio (FAR) from 2.5 to 2.6 in the Multiple Residential designation of the site; Neighbourhood Concept Plan (NCP) Amendment to the City Centre Plan from Low-Rise
Rezoning for a 6 storey, 92 unit building
390 m away · 2023 · conditionally approved
Rezoning from RF to CD (based on RM-70); Consolidation from three (3) lots to one (1) lot; Development Permit for a 6 storey apartment building with 92 units.
Rezoning for a 6 storey building
260 m away · 2024 · conditionally approved
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision (consolidation) from three (3) lots into one (1) lot; Official Community Plan (OCP) Amendment to increase the maximum floor area ratio (FAR) from 2.5 to 2.82 in the Multiple Residential designation; Development Permit to allow the development of a 6-storey 87
Rezoning
220 m away · 2026 · under review
Rezoning from R3 to CD (based on CCR) to allow for a daycare for 28 children.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Surrey development applications.

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