Delta, BC V4C 3A1,11872 87 AVE
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$ 1,300,000
Est. payment | /mo

7,551 SqFt


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$ 1,300,000
Est. payment | /mo
Save

7,551 SqFt

Key Details

Property Type Vacant Land

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,551 sqft

Price per Sqft $172

Subdivision Annieville

MLS Listing ID R2935890

Annual Tax Amount $4,213

Tax Year 2024

Lot Size 7,551 Sqft

Acres 0.17

Property 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 11868-87 Ave, 11854-87 Ave, 11853-86A Ave, and 11867-86A Ave.

Location

Province BC

Community Annieville

Area N. Delta

Zoning RS7

Region Fraser Valley

City Region Fraser Valley

Exterior

Accessibility Road Access

Lot Frontage 37.0

Lot Depth 101.4

Building

Sewer At Lot Line

Water City/Municipal

Others

Restrictions Building

Tax ID 032-011-890

Ownership Freehold NonStrata

Real Estate Board of Greater Vancouver(REBGV) non-commercial
Listed by Century 21 Coastal Realty Ltd.
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A home is more than just a house.

It is the family, the friends, the neighbours, and the overall community that make a place a home.

The 5 Rivers Real Estate Group is dedicated to giving back to the communities we live and work in. We believe that being involved in our local areas builds stronger, healthier, and friendlier neighbourhoods and cities.

+1(778) 240-4239

richertrealestate@gmail.com

#200 8661 201st Street, Langley, BC, CAN

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11872 87 AVE