7+1
Bedrooms
4
Bathrooms
3,100
Square Feet
8,293 sq ft
Lot Size
2 Storey Split
Built in
1988
$5,997
Annual Taxes
Description
Income-Generating Property in Queen Mary Park, Surrey – Turnkey Investment with Huge Potential.
Located in the highly desirable Queen Mary Park area of Surrey, this property offers exceptional walkability to schools (elementary to secondary school), public transit. Nearby SkyTrain, Surrey center, Shopping malls, hospital, and more. This income-producing property offers a rare opportunity for investors or extended families.
The home is currently generating a total monthly rental income over $7,000, with potential for significantly more.
Over 1,000 sq ft of space added and working with city for its final approval. One two bedroom is already approved/authorized. After additional approval; there is option to add two bachelor suites in it. Then the total income would be over 10,000. It if fully finished.
The double garage is currently rented for a short term rent. Main entrance plus all 4 separate entrance.
Seller Notes:
Reason for sale: Owners are working on another project and need to divert the fund for that project.
This property is perfect for investors for future development and seeking strong existing cash flow with even more once the additional suites are completed. The location, layout, and current rental setup make this a rare opportunity in today’s market.
Also the layout can be adjusted to make more room for the main house if some one is interested to live in the property along with a great rental income.
Owner is willing to can help buyers as per their plan to renovate their main house or adding additional income sources.
Property Features
Property Type House
Ad Type For Sale
Ownership Freehold / Fee Simple
Parking Assigned Parking / Attached Garage / Driveway / Indoor Parking / Street Parking
Asking Price $1,499,000
Location
Address 13346 92 Ave
Neighbourhood Queen Mary Park
City Surrey
Province / State British Columbia
Postal / ZIP V3V7S9
Country Canada
Bathroom Types
Bathroom 1 4pc Bathroom
Bathroom 2 3pc Ensuite Bath
Bathroom 3 3pc Bathroom
Bathroom 4 3pc Ensuite Bath