Multi-family for sale
7029 134 Street, West Newton, Surrey
$4,388,000
$4,388,000
Multi-family for sale
7029 134 Street, West Newton, Surrey
Features
Year Built
1986
Floor Area
11,500 sqft
Lot Size
20,487 sqft
Gross Property Tax
$12,759.26 /year
Building Type
Freestanding, Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
Zoning
RM-45
# of Parking Spaces
25
Subject Property Width
104 ft
Subject Property Depth
197 ft
Amenities
Balconies, Emergency Lighting, Laundry Facility, Secured Building, Visitor Parking, Fenced Yard
Suite Mix Information
4 x 1 ½, 10 x 2 ½
Financial Summary
$15,752,400
Description
The subject property is a fully tenanted, 14-suite, 3-storey apartment building on one legal fee simple parcel, totaling 20,487 square feet (0.47 acres). The property is zoned RM-45 (Multiple Residential 45 Zone), which currently allows for a maximum FAR of 0.70. The property is located adjacent to the "Newton Town Centre" development area within the City of Surrey's Official Community Plan, which designates the site for "Multiple Residential" use, with a base FAR of 1.5, and a maximum height of 6 storeys.
MLS® Number C8044425