$1,248,888
18229 PARSONS DRIVE
Beds
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Baths
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Sqft
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Year
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Type
Vacant Land
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Delta. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Rare opportunity to secure a premium 10, 000+ sqft building lot on a quiet, tucked-away street in the highly sought-after Fraser Heights community. This expansive parcel offers the ideal canvas to build a luxury custom home or capitalize on its strong development potential. Key Opportunity: Preliminary potential for a duplex with two secondary suites (4 total units) a highly attractive option for builders and investors looking to maximize value (buyer to verify with City of Surrey). Plans have already been prepared and submitted for a stunning 5,000+ sqft custom residence spanning three levels, giving buyers a head start on development. Located just minutes to Highway 1, 15, and 17 offering seamless access across the Lower Mainland. Build, invest, or hold. (id:65958)
- Subtype
- Vacant Land
- Common interest
- Freehold
- Lot size
- 10,011 square feet
- Lot dimensions
- 10011
- On market
- Apr 21, 2026
- Status changed
- Apr 21, 2026
- Annual tax
- $5,312.02 (2025)
- Photos
- 8
- MLS#
- R3113978
- Area
- DELTA
Features and systems
View
Cash on cash
-6.43%
Cap rate
3.58%
GRM
16.7
Break-even rent
$7,659
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.