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.
| Address | 11872 87 AVENUE |
| List Price | $1,300,000 |
| Property Type | Land Only |
| Type of Dwelling | Vacant Land |
| Area | N. Delta |
| Sub-Area | Annieville |
| Lot Size | 7551 Sq. Ft. |
| MLS® Number | R2935890 |
| Listing Brokerage | Century 21 Coastal Realty Ltd. |
| Postal Code | V4C 3A1 |
| Zoning | RS7 |
| Tax Amount | $4,213 |
| Tax Year | 2024 |
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