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, 11854-87 Ave and 11867-86A Ave.
Listing Information
- Prop. Type:
- House/Single Family
- Property Style:
- Basement Entry
- Status:
- Active
- City:
- Delta
- Bedrooms:
- 5
- Full Bathrooms:
- 2
- Neighborhood:
- Annieville
- Area:
- N. Delta
- Province:
- BC
- MLS® Number:
- R2935886
- Added On:
- Oct 16, 2024
- Listing Price:
- $2,600,000
- Taxes:
- $4,886
General Information
- Year Built:
- 1959
- Flr Area Fin - Total:
- 1850 ft2
- Floor Area Finish - Main Floor:
- 1850 ft2
- Tax Year:
- 2024
- Lot Size (sqft):
- 7500.00 ft2
- Lot Size (Acres):
- 0.17
- Frontage:
- 74.00 ft2
- Total Square Feet:
- 1850ft2
Additional Information
- Basement Area:
- Fully Finished
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