Prime location with Mid-Rise Zoning (up to 8 stories) and 3 FAR-ideal for future development! Situated in the heart of Surrey City Centre, this property offers a fantastic chance to invest in one of the fastest-growing areas in the Lower Mainland. Currently, the property features a spacious 3-bedroom unit upstairs and a 2-bedroom basement suite that generates excellent rental income, providing immediate cash flow. Whether you're looking to develop or hold, this property offers the best of both worlds. Surrounded by ongoing and upcoming developments, signalling strong future growth in this rapidly expanding urban hub. Minutes away from SkyTrain station, City Hall, educational institutions such as: Kwantlen Polytechnic University, Simon Fraser University, and essential services. (id:42016)