The subject property is a fully tenanted, 14-suite, 3-storey apartment building on one legal fee simple parcel, totaling 20,487 square feet (0.47 acres). The property is zoned RM-45 (Multiple Residential 45 Zone), which currently allows for a maximum FAR of 0.70. The property is located adjacent to the "Newton Town Centre" development area within the City of Surrey's Official Community Plan, which designates the site for "Multiple Residential" use, with a base FAR of 1.5, and a maximum height of 6 storeys. (id:44538)
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