Multifamily
The Citadel
15915 84 Ave, Surrey, BC V4N 0W7
Listing Price: Request For Offer
Investment Overview
Opportunity to acquire a well-maintained 33-unit stratified building with strong suite mix, underground parking, and two large amenity spaces, located within close proximity to the new Fleetwood SkyTrain Station.
The Citadel
Investment Highlights
- The 2000 year built 33-unit stratified building featuring a diverse suite mix of 8 one-bedroom and 25 two-bedroom units, with the potential to sell the units individually.
- Fleetwood, with a high median income of nearly $80,000, offers significant rental income upside for the property, which has an average rent of $1.82/sf.
- The property's close proximity to the Surrey-Langley SkyTrain extension is expected to drive continued upward pressure on rents, or appreciation of the stratified units.
- The proposed land use plan designates the site for high-rise mixed-use development, offering several value-add opportunities, including gradual appreciation through rental turnover, redevelopment, or the sale of individual strata units.
Exclusively Listed By
Investment Highlights
- The 2000 year built 33-unit stratified building featuring a diverse suite mix of 8 one-bedroom and 25 two-bedroom units, with the potential to sell the units individually.
- Fleetwood, with a high median income of nearly $80,000, offers significant rental income upside for the property, which has an average rent of $1.82/sf.
- The property's close proximity to the Surrey-Langley SkyTrain extension is expected to drive continued upward pressure on rents, or appreciation of the stratified units.
- The proposed land use plan designates the site for high-rise mixed-use development, offering several value-add opportunities, including gradual appreciation through rental turnover, redevelopment, or the sale of individual strata units.
Investment Overview
Opportunity to acquire a well-maintained 33-unit stratified building with strong suite mix, underground parking, and two large amenity spaces, located within close proximity to the new Fleetwood SkyTrain Station.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
