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 Detached
Type of Dwelling
House/Single Family
Style of Home
Basement Entry
Area
N. Delta
Sub-Area
Annieville
Bedrooms
4
Bathrooms
2
Floor Area
1,968 Sq. Ft.
Lot Size
7474 Sq. Ft.
Year Built
1959
MLS® Number
R2935887
Listing Brokerage
Century 21 Coastal Realty Ltd.
Basement Area
Fully Finished
Postal Code
V4C 3A1
Zoning
RD3
Tax Amount
$4,926.00
Tax Year
2024