$ 1,300,000
11872 87 AVE Delta, BC V4C 3A1
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$ 1,300,000
Est. payment /mo
Active
11872 87 AVE Delta, BC V4C 3A1
7,551 SqFt
UPDATED:
10/22/2024 08:45 PM
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
State 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
Listed by Century 21 Coastal Realty Ltd.