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$2,600,000
Est. payment /mo
4 Beds
2 Baths
1,968 SqFt
UPDATED:
10/22/2024 10:44 PM
Key Details
Property Type Other Types
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,968 sqft
Price per Sqft $1,321
MLS Listing ID R2935887
Style Basement Entry
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1959
Lot Size 7,405 Sqft
Property Sub-Type Single Family Residence
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. 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, 11853-86A Ave, and 11867-86A Ave.
Location
Province BC
Zoning RD3
Interior
Heating Electric, Forced Air
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
View Y/N No
Roof Type Asphalt
Building
Story 2
Foundation Concrete Perimeter, Slab
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water Public
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Zomorodian Real Estate Group
Team Leader | License ID: V99000
Team Leader License ID: V99000