$1,300,000
Est. payment /mo
7,405 Sqft Lot
Active
11868 87 AVE Delta, BC V4C 3A1
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID R3062920
HOA Y/N No
Lot Size 7,405 Sqft
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 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.
Location
State BC
Community Annieville
Area N. Delta
Zoning RS7
Exterior
Fence None
Utilities Available Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Natural Gas Connected, Cable Connected
View Y/N No
Exposure North
Garage No
Building
Water Public
Locker No
Others
Ownership Freehold NonStrata
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