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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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11961 97A Avenue, Surrey
MLS®: R2943261
2800
Sq.Ft.
3
Baths
5
Beds
26,400
Lot SqFt
1968
Built
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Description
Developer and Investor Alert! Prime development potential in North Surrey! A rare find in Surrey with ~ 200 foot frontage! Potential subdivision for 4 R3 zoned 5,000 sf homes (previously subdivided). Property within a Frequent Bus Stop Area (FBSA) that may allow for up to 6 dwelling units per lot with no parking requirements. Buyer to perform due diligence, confirm zoning and feasibility with City of Surrey. An excellent opportunity in a rapidly growing area. The property includes a 2,800 sf 5 bedroom home for rental income while you plan your development.
Taxes (2024): $7,011.97
Amenities
Garden
Storage
Features
ClthWsh
Dryr
Frdg
Stve
DW
Drapes
Window Coverings
Garage Door Opener
Security System
Smoke Alarm
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