Property Details

List Price
$2,600,000
MLS®
R2935887
Type
House/Single Family
Style
Residential Detached
Basement
Finished
Year Built
1959
Taxes
$4926.02 (2024)
Living Area
1968 Sq.Ft.
Lot Frontage
74 ft
Lot Size Area
7474 Sq.Ft.
Bedrooms
4
Bathrooms
2
Maintenance Fee
$0.00/mo

Annieville

11854 87 AVENUE, Annieville, Delta, BC, V4C 3A1, Canada

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 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. 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 11868-87 Ave, 11872-87 Ave, and 11854-87 Ave.

Listing Provided By

Century 21 Coastal Realty Ltd.

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Agent

Name: Rod & Rhea Hayes

Mobile: 604.240.1927

Office Phone: 604.421.1010

Email: [email protected]