$9,500,000

15738 North Bluff Road

White Rock, White Rock, BC, V4B 3G5

0 | 0 | 0 sq.ft. |

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Court-Ordered Sale. 1.23-acre multifamily site in White Rock Town Centre, within the North Bluff Corridor Study Area Plan. The updated plan is expected by Summer 2025, allowing for higher density and reduced parking. Potential for up to 6 storeys and 2.5 FAR (approx. 135,000 sq.ft. buildable). Feel free to drive by the site.

Property Info

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MLS®: R3000785

Listing Courtesy of Homelife Advantage Realty (Central Valley) Ltd.

Floor Space 0 sq.ft.

Lot Size 1 sq.ft.

Title Type Freehold NonStrata

Date Listed XXXX-XX-XX

Property Type Other

Listed Price $9,500,000

Unit Pricing $9,500,000/sq.ft.

Strata Fee $0.00

Tax Estimate $68,597/Year

More Details

Floor Space Finished 0.00 sq.ft.

Zoning CD67

Water Supply XXXXXX

Summary

Location and General Information

MLS Area Major: South Surrey White Rock
Street Name: North Bluff
City: White Rock
State Or Province: BC
Postal Code: V4B 3G5
Property Type: Land

Taxes and HOA Information

Tax Year: 2024

Interior and Exterior Features

Interior Features

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Property

Utilities

Water Source: Public

Property and Assessments

Lot Size Square Feet: 53578.8

Lot Information

Parcel Number: 031935761

Sold History

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City Introduction

Overview of White Rock, BC, Canada

Population

White Rock is a coastal city in the Greater Vancouver region of British Columbia, with a population of approximately 23,000 (2024). White Rock is known for its multicultural community, with about 45% of residents belonging to visible minorities, including a significant South Asian community (26.1%) and a Chinese community (9%).

Economy

Key Industries: Tourism, retail, and fishing. White Rock attracts many visitors with its beautiful coastal scenery and unique attractions.
Commercial Centers: The business district is concentrated along Marine Drive, featuring numerous restaurants, cafes, and specialty shops.
Transportation Hub: The Tsawwassen Ferry Terminal is the largest ferry terminal in North America, connecting Greater Vancouver to Vancouver Island and other islands.

Living Features

Natural Environment: White Rock boasts abundant natural landscapes, including White Rock Beach and Boundary Bay Park, ideal for outdoor activities.
Transportation: White Rock is well-connected to downtown Vancouver via highways and ferries, with a commute time of about 40 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: White Rock's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.2 million CAD and condos around $600,000 CAD (2024).

Opportunities:

Stable rental market: White Rock's transportation links and natural environment attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

White Rock is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Tsawwassen and Ladner, while properties near transportation hubs are attractive for investors.

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$9,500,000

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