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$1,288,888

6972 131 STREET

Surrey BC V3W 6M9 - West Newton
1,066 sqft

About This Property

Land for Sale – Excellent Redevelopment Opportunity. Ideal for building a new home. The property is currently occupied by a long-term tenant who consistently pays rent on time and has confirmed there will be no issues vacating the property once redevelopment begins.

Property Details

MLS NumberR3088590
Square Feet1,066
Lot Size7,224 sqft
StatusClosed
Listed ByLatitude Realty Inc.

School Catchment

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,000,000Median home value
$84,000Median household income
42.7%Owner-occupied
16.7%Single-detached homes
3.4Avg household size
33.6Median age
27.2%Bachelor's degree or higher (25-64)
43.4%Commute under 30 min
75.9%Drive to work
46.4%Foreign-born residents
6,246Neighbourhood population

Age

Under 15: 17.6%15 to 64: 70.3%65 and over: 12.1%
  • Under 1517.6%
  • 15 to 6470.3%
  • 65 and over12.1%

Household size

  • 1 person17.5%
  • 221.9%
  • 317.3%
  • 417%
  • 5 or more26.3%

Language spoken at home

41.2% Punjabi mother tongue

  • English30.1%
  • English + other7.7%
  • Hindi2.7%
  • Spanish2.3%
  • Urdu2.3%
  • Arabic1.9%
  • All others11.8%

Mother tongue, share of 6,250 residents.

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

Land & Development

Lot size7,148 sqft
Lot dimensions62 × 118 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~7,182 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 $6,417
Mortgage payment$5,869
Property tax$418
Home insurance$130
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 24

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