Moghadasian
North Vancouver, BC
Canada V7P 3R9
Details
Address | 11853 86a Ave |
Area | North Delta |
Sub Area | 11 Annieville |
State/Province | British Columbia |
Country | Canada |
Price | $2,600,000 |
Property Type | Single Family |
Bedrooms | 5 |
Bathrooms | 2 |
Floor Space | 1850 Square Feet |
Lot Size | 0.17 Acres |
Year Built | 1959 |
Parking | 4 Spaces, Carport; Multiple |
Taxes | $4,886 |
Tax Year | 2024 |
MLS® # | R2935886 |
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, 11854-87 Ave and 11867-86A Ave.
Listed by CENTURY 21 COASTAL REALTY LTD.
Copyright of Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board and Real Estate Board of Greater Vancouver. All rights reserved. NOTE: This representation is based in whole or in part on data generated by Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver, which assume(s) no responsibility for its accuracy. This website must only be used by consumers for the purpose of locating and purchasing real estate. In Canada, the trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.