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
Type of Dwelling
Land
Structure Type
Land Only
Area
N. Delta
Sub-Area
Annieville
Lot Size
7551 Sq. Ft.
Lot Size Dimensions
37 x 101.4
Lot Size (Acres)
0.17 Ac.
Lot Size Units
Square Feet
Frontage Length
37
MLS® Number
R2935890
Listing Brokerage
Century 21 Coastal Realty Ltd.
Postal Code
V4C 3A1
Zoning
RS7
Ownership
Freehold NonStrata
Tax Amount
$4,213.15
Tax Year
2024
Board Or Association
Fraser Valley
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