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.
Address
11854 87 Avenue
List Price
$2,600,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Basement Entry
Structure Type
Residential Detached
Area
N. Delta
Sub-Area
Annieville
Bedrooms
4
Bathrooms
2
Floor Area
1,968 Sq. Ft.
Main Floor Area
970
Lot Size
7474 Sq. Ft.
Lot Size Dimensions
74 x 101
Lot Size (Acres)
0.17 Ac.
Lot Size Units
Square Feet
Total Building Area
1968
Frontage Length
74
Year Built
1959
MLS® Number
R2935887
Listing Brokerage
Century 21 Coastal Realty Ltd.
Basement Area
Finished
Postal Code
V4C 3A1
Zoning
RD3
Ownership
Freehold NonStrata
Parking
Carport Multiple, Front Access, Asphalt, Concrete
Parking Places (Total)
4
Tax Amount
$4,926.02
Tax Year
2024
Board Or Association
Fraser Valley
Heating
Yes
Heat Type
Electric, Forced Air
Carport
Yes
Entry Location
Exterior Entry
Number Of Floors In Property
2