$2,255,000

8626 8634 120A STREET

Surrey BC V3W 3P8 - Queen Mary Park Surrey

About This Property

Claire Group is pleased to present a unique redevelopment opportunity for investors: a 0.44- acre RA-zoned parcel located in Surrey. The official Community Plan (OCP) designates the property for industrial use, offering strong potential for redevelopment into light industrial or business park applications. Ideally situated just one block from the…

Property Details

MLS NumberR3106088
Lot Size19,166.4 sqft
Days on Market139
StatusActive
Listed ByRE/MAX Real Estate Services

School Catchment

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$500,000Median home value
$86,000Median household income
71.1%Owner-occupied
13.5%Single-detached homes
2.9Avg household size
37.2Median age
24.4%Bachelor's degree or higher (25-64)
48.1%Commute under 30 min
79.8%Drive to work
49%Foreign-born residents
5,202Neighbourhood population

Age

Under 15: 15.6%15 to 64: 70.2%65 and over: 14.2%
  • Under 1515.6%
  • 15 to 6470.2%
  • 65 and over14.2%

Household size

  • 1 person23.7%
  • 226.5%
  • 315.9%
  • 418.2%
  • 5 or more15.6%

Language spoken at home

35.8% Punjabi mother tongue

  • English33.8%
  • English + other8.6%
  • Hindi4.8%
  • Tagalog4.1%
  • Urdu1.6%
  • Spanish1.3%
  • All others10%

Mother tongue, share of 5,185 residents.

How this pocket differs

  • notably fewer 5+ person households than Queen Mary Park Surrey 15.7% vs 26.2%
  • more people living alone than Queen Mary Park Surrey 23.9% vs 16%
  • notably more Tagalog speakers than Queen Mary Park Surrey 4.1% vs 2.4%
  • fewer Punjabi speakers than Queen Mary Park Surrey 35.8% vs 48.6%
  • Median dwelling value is notably lower than Metro Vancouver $500,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Land & Development

Lot size9,644 sqft
Lot dimensions62 × 156 ft
Lot shapeRectangular
Multi-unit potential (Bill 44 / SSMUH)
Units allowedUp to 4
Max height3 storeys
Min. setbacks4.5 / 1.5 / 1.2 mfront / side / rear
Est. buildable~9,690 sqft

Under BC's Small-Scale Multi-Unit Housing rules, this single-family lot may permit up to 4 units. These are the provincial minimums and approximate — local bylaw, servicing and lot conditions apply.

Approximate lot lines (ParcelMap BC)

Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.

Monthly Cost Calculator

Estimated monthly cost $12,283
Mortgage payment$10,267
Property tax$1,791
Home insurance$225
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Aug 14

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