18493 Fraser Highway

General property description

Court-ordered sale. Sold as is where is. A transit-oriented condo development site in the Clayton Corridor, steps from Fraser Hwy. It’s only 250m from the future SkyTrain station (184 St/Fraser Hwy), with the Surrey–Langley line anticipated to be in service by late 2029. There is an active development application for a 6 storey, 111 condo units. Property is designated as Mid Rise Residential (2.5 FAR) as per the latest Clayton Corridor Plan. Potential for higher density as per the recent Provincial Legislation that states any property that is located between 201-400M of a Sky Train stop will be permitted for 4.0 FAR, up to 12 storeys. We encourage you to drive by the site to get a feel for the location.

Mortgage estimate

Tax from listing

Est. monthly total

$24,555

/mo

Rate

%

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Amortization

25 yr30 yr

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Principal and interest

$22,665

Property tax

$1,739

P&I

Tax

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $980,000 down (20%) on $4,900,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.