11868 87 AVENUE Delta, BC

MLS^®: R2935889

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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 11854-87 Ave, 11872-87 Ave, 11853-86A Ave, and 11867-86A Ave.

Listing Information

Prop. Type:: Land

Status:: Active

County:: Delta

Neighborhood:: Annieville

Area:: N. Delta

Province:: BC

MLS^® Number:: R2935889

Added On:: Oct 16, 2024

Listing Price:: $1,300,000

Taxes:: $4,251

General Information

Tax Year:: 2024
Lot Size (Acres):: 0.17

Frontage:: 37.00

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Location

Ray Phelan
Team 3000 Realty Ltd
305-9940 Lougheed Hwy, Burnaby, BC
Office: 604-861-6283
Mobile: 604-861-6283
Fax: 604-861-6283

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