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 story, 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. The application submitted to the City of Delta for Approximately 89500 Sq Ft Buildable area for 119 Units in total. This land assembly involves 5 properties and must be sold in conjunction with 11854-87 Ave, 11872-87 Ave, 11853-86A 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
R3062920
Listing Brokerage
Century 21 Coastal Realty Ltd.
Postal Code
V4C 3A1
Zoning
RS7
Ownership
Freehold NonStrata
Tax Amount
$1.00
Tax Year
2024
Board Or Association
Fraser Valley
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