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10227 KING GEORGE BOULEVARD
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10227 KING GEORGE BOULEVARD $50,800,000
$50,800,000
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10227 KING GEORGE BOULEVARD
Surrey, British Columbia V3T2W6

MLS® Number: C8062530

Listing Description

COURT ORDERED SALE: CBRE Limited, as set forth in the Order for Conduct of Sale, is pleased to present the unique opportunity to acquire 10227 King George Boulevard - a significant redevelopment opportunity with holding income, only steps away from Surrey Central Skytrain Station. Permitted density on the Site under the current zoning designation (C-8) is 7.5 x FSR, however the owners have submitted an application to rezone the Site from C-8 (Community Commercial) to CD (Comprehensive Development) zoning, with proposed plans to develop a 679-ft., 746-unit residential tower with a seven-storey commercial podium and an eight-storey residential podium, for a total of 10.9 x FSR. The rezoning successfully achieved Third Reading in January 2023. The Property is currently improved with a 30,400 SF retail plaza, providing stable holding income in the meantime. (35399920)

Property Summary

Property Type
Vacant Land
Land Size
67950 sqft
Annual Property Taxes
$583,013.30
Time on REALTOR.ca
85 days
Data provided by: Fraser Valley Real Estate Board 15463 104th Avenue, Surrey, British Columbia V3R 1N9

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