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16620 16648 & 16674 20 Avenue
Pacific Douglas Surrey V3Z 9M9

$20,999,888
Land Commercial

Map location
Photo 1: 16620 16648 & 16674 20 Avenue, Surrey - Pacific Douglas
Photo 2: 16620 16648 & 16674 20 Avenue, Surrey - Pacific Douglas
Photo 3: 16620 16648 & 16674 20 Avenue, Surrey - Pacific Douglas
Photo 4: 16620 16648 & 16674 20 Avenue, Surrey - Pacific Douglas
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8068312
FOR SALE BY COURT ORDER. Opportunity to acquire a prime 3.02 acre townhouse development site in Grandview Heights, South Surrey. Located within the Sunnyside Heights NCP, this property has obtained PLA approval for 62 stratified townhome units totaling approximately 85,927 SF of saleable area (Proj #20-0159). The site is generally flat with no watercourses. Several active development applications are underway in the nearby vicinity along with community infrastructure projects such as the Ta'talu Elementary School. Minutes to shopping and restaurants in Grandview Corners, Grandview Heights Aquatic Centre and short drive to White Rock Beach. With the rapid growth of the City of Surrey this is a great opportunity for developers to build affordable options in a prime location.
Sale Type:
Asset
Property Type:
Land Commercial
Title to Land:
Freehold
Lot Area:
3.02 acre(s)
Acres Freehold:
3.02 acre(s)
Current Use:
See Remarks
Electricity:
No
Parcel Number:
003766357
Taxes:
$54,884.78 / 2024
No
3.22% ON THE FIRST $100,000 & 1.15% ON THE BALANCE
Water Rights:
No
  • Photo 1: 16620 16648 & 16674 20 Avenue, Surrey - Pacific Douglas
    Map location
  • Photo 2: 16620 16648 & 16674 20 Avenue, Surrey - Pacific Douglas
    Map location
  • Photo 3: 16620 16648 & 16674 20 Avenue, Surrey - Pacific Douglas
    Map
  • Photo 4: 16620 16648 & 16674 20 Avenue, Surrey - Pacific Douglas
    Map location
Listed by Sutton Group-Alliance R.E.S.
Data was last updated April 21, 2025 at 12:35 PM (UTC)
AMAR SHAN
DANA BALAN
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Navigating Commercial Real Estate Landscape in Vancouver, BC

Vancouver, BC, stands as a beacon of economic prosperity and cultural diversity, drawing businesses and investors alike to its dynamic commercial real estate market. In this article, we’ll delve into the thriving commercial landscape of Vancouver, exploring key trends, popular sectors, and the factors contributing to the city’s robust real estate sector. Whether you’re an entrepreneur seeking the perfect storefront or an investor eyeing the stability and growth potential of Vancouver’s commercial market, the opportunities are as diverse as the properties themselves. Explore BC commercial properties, especially in Vancouver, and discover a landscape ripe for business success and investment ventures.

Diverse Commercial Sectors

Vancouver’s commercial real estate market spans a diverse array of sectors, catering to the multifaceted needs of businesses. From vibrant retail spaces in bustling neighborhoods like Gastown to sleek office towers in the central business district, the city offers a spectrum of opportunities. The industrial sector, particularly in areas like Mount Pleasant, has also witnessed significant growth, driven by the rise of tech companies and creative industries.

Tech Hub and Innovation

As a burgeoning tech hub, Vancouver has become a magnet for innovative companies seeking prime office spaces to foster creativity and collaboration. The city’s strategic location, coupled with its quality of life, has attracted major players in the tech industry, contributing to the demand for modern, adaptable office spaces.

Green Initiatives and Sustainability

Vancouver places a strong emphasis on sustainability, influencing its commercial real estate landscape. The city’s commitment to green building practices has led to a surge in environmentally conscious developments. LEED-certified buildings and energy-efficient spaces have become integral components of the commercial market, appealing to businesses with a focus on sustainability.

Challenges and Opportunities

Despite its robustness, Vancouver’s commercial real estate market is not without challenges. Limited available space in key areas and rising property values pose obstacles for businesses seeking prime locations. However, this scarcity has also spurred innovative projects, such as mixed-use developments that seamlessly blend residential and commercial spaces.

Investment Appeal

Investors are drawn to Vancouver’s commercial real estate market for its stability and long-term growth potential. The city’s strategic geographical location, strong economic fundamentals, and commitment to innovation create an attractive environment for those looking to diversify their portfolios.

Conclusion: Vancouver, BC Commercial Properties

Vancouver’s commercial real estate landscape continues to evolve, shaped by economic trends, sustainability initiatives, and the city’s commitment to innovation. Whether you’re a local business looking to expand or a global investor seeking lucrative opportunities, Vancouver’s dynamic and diverse commercial real estate market provides a wealth of possibilities.