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$ 2,600,000
Est. payment /mo
Active
11854 87 AVENUE Delta, BC V4C3A1
4 Beds
2 Baths
1,968 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,968 sqft
Price per Sqft $1,321
MLS® Listing ID R2935887
Style Other
Bedrooms 4
Originating Board Fraser Valley Real Estate Board
Lot Size 7,474 Sqft
Acres 7474.0
Property Sub-Type Freehold
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. The existing house generates $3,000 in rent (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, 11872-87 Ave, 11853-86A Ave, and 11867-86A Ave. (id:24570)
Location
Province BC
Interior
Heating , Forced air
Exterior
Parking Features Yes
View Y/N Yes
View Mountain view
Total Parking Spaces 4
Private Pool No
Building
Sewer Sanitary sewer, Storm sewer
Architectural Style Other
Others
Ownership Freehold
Listed by Century 21 Coastal Realty Ltd.