7041 193 STREET

Surrey · MLS® R3106613

1 sq ft lot

Land · Vacant Land · 189 days on market

Listed by Manjit Claire, RE/MAX Real Estate Services

Realtor's description

Claire Group is pleased to present a compelling redevelopment opportunity for investors: A 1.10-acre RA-zoned parcel in Surrey. The property has a redevelopment application currently at the initial review stage, proposing an 18-unit townhouse project. Prospective buyers are encouraged to consult with the City of Surrey for further details and due diligence inquiries.

Property details

Type: Land, Vacant Land
Lot: 1 sq ft
Parking: 0
Property tax: $27,586 / yr
Days on market: 189
MLS®: R3106613

Property insights

On market 189 days

The market here

Listed now: 105 days; median for 207 homes for sale; this one 189 days

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

Monthly cost

$15,674/mo

Mortgage $13,376 · Tax $2,299

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

estimated payment

$13,376/ monthly

loan $2,456,000

25-year amortization

down payment20% · $614,00020%+ 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: $1,556,709
property transfer tax: $71,500; BC general rate
cash to close: $685,500; down + PTT
total paid: $4,012,709

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

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Maddaugh Elementaryhomes in this catchment
1.2 km away · 19405 76 Ave, Surrey · 604-283-0184
Secondary Salish Secondaryhomes in this catchment
1.8 km away · 7278 184 St, Surrey · 604-235-9836

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 33 homes
120 m away · 2022 · under review
To rezone from RA to CD (based on RM-30) in order to develop 33 townhouse units. NCP Amendment for increase of density and Lot consolidation.
Rezoning for 22 homes
180 m away · 2021 · under review
NCP Amendment from Half-Acre Residential to 15-25 UPA (Medium-High Density under the East Clayton NCP; Rezoning from RA to CD (based on RM-30); Development Permit for Form and Character to permit the development of approximately 22 townhouse units in Aloha Estates.
Rezoning for 18 homes
80 m away · 2017 · under review
Rezoning from RA to RM-30 Development Variance Permit to relax front yard setback from 7.5m to 4.5m rear setback from 7.5m to 3.2m side yard (East) from 7.5m to 4.5m and side yard (West) from 7.5m to 3.0m and a Development Permit to allow for 18 townhouse units
Rezoning
220 m away · 2021 · under review
Rezoning of 6938 192 Street from RA to R5 and subdivision from 2 to 3 lots. Development Variance Permit to vary minimum lot width requirement of Type I interior lots in the R5 Zone from 9.7m to 9.1m for Lot 1 and 9.2m for Lot 2.

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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