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 multiple properties and must be sold in conjunction with 11854-87 Ave, 11872-87 Ave, and 11867-86A Ave.
Address
11868 87 Avenue
List Price
$1,300,000
Property Type
Land
Type of Dwelling
Land
Structure Type
Land Only
Transaction Type
sale
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
R2935889
Listing Brokerage
Century 21 Coastal Realty Ltd.
Postal Code
V4C 3A1
Zoning
RS7
Ownership
Freehold NonStrata
Tax Amount
$4,251.43
Tax Year
2024
Board Or Association
Fraser Valley
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