28.81 Acres of Prime Development Property

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28.81 Acres of Prime Development Property PRICE: $28.81M

Marketed by BRAD LAMBERT ROYAL LEPAGE NORTHSTAR REALTY (WR) Office: 604-538-2125 Direct: 604-220-0522 Website: www.bradlambert.ca

OUTSTANDING DEVELOPMENT POTENTIAL 2188 & 2234 176 ST SOUTH SURREY BC •

28.8 ACRES DESIGNATED ROW 15 & DETACHED RESIDENTIAL (10-15 UPA)



OVER 400 FEET OF FRONTAGE ON HWY 15 (176 STREET)



MOST SERVICES ON LOT: CITY WATER; GAS; ELECTRICITY; CABLE



NCP 4 (REDWOOD HEIGHTS) STAGE 1 COMPLETE



STAGE 2 UNDERWAY WITH FINAL APPROVAL BY SUMMER 2015



10 MIN TO CLOVERDALE FAIRGROUNDS



5 MIN TO WHITE ROCK BEACH & USA BORDER



30 MIN TO DOWNTOWN VANCOUVER



45 MIN TO WORLD-CLASS PARKS & SKI HILLS



PRICE: $28.81 MILLION ($1M PER ACRE) 2

最有開發潛力 2188 & 2234 176 ST South Surrey BC •

28.81 英畝被指定為城市屋及獨立屋



400多呎寬度在HWY15 (176 St) 上



水,瓦斯,電,有線電纜,已在 土地上



汚水道 (12-24個月)



10分鐘到Cloverdale Fairground&Casino



5 分鐘到白石海邊和美國邊界



30 分鐘到 溫哥華市中心



總價格: 2仟8佰萬元

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A SUPERIOR LOCATION AT THE TOP OF THE NCP 4 AREA KNOWN AS “REDWOOD HEIGHTS” - WITHIN THE GRANDVIEW HEIGHTS GENERAL LAND USE PLAN - IS NOW AVAILABLE FOR PURCHASE. 1.

The Properties Area Outlook

Located at 90 meters above sea level, at one of the highest points of the Grandview Heights Neighbourhood, and very near South Surrey’s beautiful Redwood Park, 2188 176 ST & 2234 176 ST (HWY 15) Combine to form 28.81 ACRES of prime future development property in one of the best South Surrey locations available.

2.

Conveniently located within driving distance to Campbell Heights Business Park and many Leisure Activities that “Baby Boomers” enjoy, including: Two Canada/US Border Crossings; Four Golf Courses; Two Marinas; BC Ferries; YVR – the location of these properties is simply superior for those who want the suburban South-Surrey lifestyle. 4

THIS EXCELLENT DEVELOPMENT OPPORTUNITY IN THE NEW NCP 4 (“REDWOOD HEIGHTS”) OF SOUTH SURREY’S GRANDVIEW HEIGHTS DEVELOPMENT AREA IS AVAILABLE NOW AT JUST $868K PER ACRE. 1.

The Properties Area Outlook

Located very near South Surrey’s Redwood Park, 2188 176 ST & 2234 176 ST (HWY 15) Combine to form a 28.81 ACRES of prime future development property.

2.

2234 176 ST is a 7.54 Acre site designated “Row 15” – Medium Density Residential (12-15 UPA) with a beautiful 2.91 Acre future park.

3.

2188 176 ST is a 21.27 Acre site designated “Detached Residential” (10-15 UPA). 5

28.8 ACRES ON TWO ADJACENT TITLES MAKE FOR AN OUTSTANDING DEVELOPMENT OPPORTUNITY IN THE NEW NCP 4 (“REDWOOD HEIGHTS”) AREA OF SOUTH SURREY’S GRANDVIEW HEIGHTS. 1.

The Properties Area Outlook

2234 176 ST (TOP PARCEL) described as: Rem 6; PLAN 3503, boasts 259’ of frontage along 176 Street (Hwy 15).

2.

2188 176 ST (LOWER PARCEL) described as Lot 2; PLAN 61472, also has 156’ fronting 176 Street, and when combined with the adjacent frontage of 2234 176 Street, a total of 415’ of Highway frontage is realized.

3.

These two properties combine to create a spectacular 28.81 Acre Development Opportunity. 6

Surrounding Developments and Geographic Features

The Properties Area Outlook

Nearby Campbell Heights Business Park is attracting major Investment and Employment in the Area – and those employees require housing. The First 250 Acres (PHASE ONE) of Campbell Heights Business Park is nearly built out and Phase Two (FINAL PHASE) is open for development in and under construction. The Grandview & Campbell Heights Geographic Areas obviously offer World Class Investment, Development, and Lifestyle Opportunities.

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Campbell Heights Industrial Area Employees Require Housing •

Campbell Heights Business Park encompasses a total area of 1,855 Ac; 566 Ac of which is vacant land area



Located in SE Surrey and designated for industrial development as a “high-end” Business Park



Access provided by Surrey's arterial road system



Excellent access to the United States at the Pacific Border crossing



Direct access to Highway #99 at 32nd Avenue Interchange



40 minutes from YVR



Cost effective Import/Export To Asia

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South Surrey/White Rock Long-Term Housing Demand Outlook Bullish

The Properties Area Outlook

1.

The Surrey/White Rock population is expected to increase by 225,000 residents by 2031

2.

71 per cent of additional households are projected to be 65 or older by 2026-2031

3.

Residential construction in Surrey/White Rock is expected to average 3,900-4,000 units per year through 2021, and then to moderate to 3,400 units in 2026-2031

4.

Multi-family homes are projected to dominate residential construction, increasing to 70 per cent of total housing starts by 2026-2031.

*Source: BCREA Economics (Jan. 25, 2008; See Full Report at www.bradlambert.ca) 9