3271 196 STREET

Surrey · MLS® R3141461

43,553 sq ft lot

Land · Vacant Land · 97 days on market

Listed by Ishwinder Ghag, Royal LePage Global Force Realty

Realtor's description

Prime opportunity to acquire approximately 1 acre of flat Light Industrial (IL) designated land in the highly sought-after Campbell Heights Business Park. The subject property is ideally situated in a rapidly developing industrial corridor. The two adjacent properties to the south have received 3rd Reading for rezoning by the City of Surrey, with municipal services anticipated to be extended to the property line upon completion of the neighbouring development. Buyers are advised to verify servicing, zoning, and development potential with the City of Surrey.

Property details

Type: Land, Vacant Land
Lot: 43,553 sq ft
Parking: 0
Property tax: $14,996 / yr
Days on market: 97
MLS®: R3141461

Property insights

On market 97 days

The market here

Listed now: 105 days; median for 209 homes for sale; this one 97 days

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

Monthly cost

$14,320/mo

Mortgage $13,070 · Tax $1,250

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

estimated payment

$13,070/ monthly

loan $2,399,920

25-year amortization

down payment20% · $599,98020%+ 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: $1,521,163
property transfer tax: $67,997; BC general rate
cash to close: $667,977; down + PTT
total paid: $3,921,083

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: 4,047 m² (43,562 sq ft) · PID 009-735-305. 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 Pacific Heights Elementaryhomes in this catchment
5.1 km away · 17148 26 Ave, Surrey · 604-531-2828
Secondary Grandview Heights Secondaryhomes in this catchment
5.4 km away · 16987 25 Ave, Surrey · 604-542-3320

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
100 m away · 2023 · conditionally approved
Rezoning from A-1 to IB-1; Development Permit / Development Variance Permit to permit the development of two multi-tenant industrial buildings in Campbell Heights.
Rezoning
120 m away · 2023 · under review · 19629 & 19671 32 Avenue and 3200 Block of 196 Street
A rezone from Suburban Residential Zone SR-2 to Residential Zone R-1B with text amendments to increase gross floor area, height, and lot coverage for the development of a 26 lot residential subdivision, including a lot dedication for parkland. A subdivision application has been submitted. A development variance permit application has also been submitted to vary the lot width from the proposed Resi
Rezoning
190 m away · 2024 · conditionally approved
Rezoning from General Agriculture Zone (A-1) to Business Park 1 Zone (IB-1); Development Variance Permit to reduce the rate at which parking is calculated for industrial floor area from 1 parking space per 100 square metres to 0.9 parking space per 100 square metres and for office floor area from 2.5 parking space per 100 square metres to 2.25 parking space per 100 square metres; Development permi
Rezoning
230 m away · 2023 · under review · 19642 32 Avenue and 3170 196 Street
Rezone property from Suburban Residential Zone (SR-2) to Residential Zones (R-1B) for the subdivision of 12 lots. The applicant is proposing lot width variances.

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, Township of Langley development activity.

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