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 11854-87 Ave.
General Info
MLS® #
R2936431
Taxes
$4,918 / 2024
Maintenance Fees
-
Property Type
House/Single Family
Dwelling Type
Basement Entry
Home Style
Basement Entry
Year Built
1967
Fin. Floor Areas
2666
Bedrooms
5
Bathrooms
2
Listed by Century 21 Coastal Realty Ltd.
MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Maps (Google, Google Street View, Bing Areal View, Area Condos, Walk Score)
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