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 |
| Tax Year |
2024 |
