More flexibility. More value. More income potential.
The City of Surrey has officially greenlit a bylaw that permits lock-off suites in new townhouse developments within the RM-15, RM-23, and RM-30 zoning areas. This progressive move is a game-changer for developers, investors, and homebuyers looking for smart, income-generating real estate opportunities.
A lock-off suite is a secondary unit built within a larger townhouse unit. It has its own entrance, kitchen, and bathroom, allowing it to be rented out separately while still being part of the main home. These suites provide a creative solution to address both housing affordability and the growing demand for multi-generational living.
Here’s what the new bylaw allows:
✅ Lock-off suites are permitted in new construction only
📍 Must be located within Transit-Oriented Areas (TOA) or Frequent Bus Stop Areas
📏 Minimum suite size: 30 square meters (323 sq. ft.)
🏠 Maximum size: Up to 40% of the principal unit’s habitable floor area
This change is a significant win for:
Homebuyers, who can now generate rental income from their townhouse unit
Developers, who can add value and improve affordability in their projects
Investors, who gain access to more flexible and profitable multi-family opportunities
The City of Surrey, which aims to expand housing diversity near transit
With Surrey’s ongoing urban growth and transit expansion, properties near SkyTrain and frequent bus routes are in high demand. This bylaw further increases the land value potential in RM-15, RM-23, and RM-30 zoned areas, especially for those involved in land assembly and multi-family development.
If you’re a builder, investor, or property owner looking to capitalize on this new regulation, Landpro Real Estate Group can help you find and evaluate the right opportunities.
📍 Visit us: Unit 115 – 12565 88 Avenue, Surrey, BC
📞 Call: 604-503-1800
🌐 Learn more: www.landprogroup.ca
Tags:
#SurreyDevelopment #LockOffSuites #TownhouseZoning #RealEstateNews #TransitOrientedDevelopment #RM30 #RM23 #RM15 #YVRInvestments #MultiFamilyHousing #LandAssembly #Landpro
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