If your home lies along Scott Road, you’re sitting on a potential gold mine. The City of Surrey has unveiled a transformative planning strategy,Imagine Scott Road Visioning Study, that will dramatically reshape the area, increasing density by nearly 290% and making it one of the most sought-after locations in the region.
A Surge in Housing and Population
The plan focuses on the corridor stretching from Scott Road Station to Scottsdale Exchange and Newton Bus Exchange. Currently, this area is home to approximately 41,000 residents living in 12,200 homes. The population, predominantly South Asian (64%), with 59% owning their homes, will see a staggering increase. The strategy aims to raise the population to 160,000 by adding up to 51,000 new homes, transforming Scott Road into a bustling urban hub.
A Developer’s Dream
The only way to accommodate such growth is through high-density developments. Expect to see numerous high-rises similar to Delta Rise springing up along Scott Road. The Delta side is already buzzing with projects like Walker House and the redevelopment of the Delta Rise parcel. The Delta Shoppers Mall at 80th Avenue and 120th Street will soon boast two 32-storey towers, low and mid-rise buildings, offering a total of 876 homes, 114,000 square feet of office space, and 71,000 square feet of retail and restaurants.
Jobs and Economic Growth
This area currently supports about 4,500 jobs, but with the new developments, that number is expected to soar to 24,000. This blend of residential and commercial growth makes Scott Road an attractive location for both investors and homebuyers.
Conclusion
For developers, Scott Road represents an unparalleled opportunity. If you’re a homeowner in this corridor, you might want to hold on—your property value is about to skyrocket as this area transforms into a thriving, high-density community.
