11868 87 Avenue, Delta, BC

  • 0 beds
  • 0 baths
  • lot size: 7,551 sqft
  • R2935889

$1,300,000

  • #########

Secondary Information

General Info

Status
Active
Sub-Area
Annieville
Area
N. Delta
City
Delta
Province
BC
Taxes
$4,251 / 2024
Property Type
Land
SIZE: N/A TAXES (2024): $4,251
MLS®: R2935889
TYPE: Land $/Sq.Ft: N/A
SUBAREA: Annieville

Description

This almost 30,000 sq ft land assembly in the Annieville neighborhood of North Delta offers an exciting opportunity for multifamily development. Its location within 800 meters of Transit-Oriented Areas enhances accessibility. The new Delta OCP permits up to 6 storeys, allowing for flexible design and density. Major amenities are within walking distance, making it appealing to potential residents. Total land assembly rent is $10,000 providing immediate cash flow. Preliminary drawings suggest the potential for around 110 units. The application process for submission to the City of Delta has commenced. This land assembly involves 5 properties and must be sold in conjunction with 11854-87 Ave, 11872-87 Ave, 11853-86A Ave, and 11867-86A Ave.

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Purchase Price $1,300,000
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Downpayment, 20%
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Listing Courtesy of Century 21 Coastal Realty Ltd.
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