Almeida Prec*
Burnaby, BC
Canada V5H 4C2
Details
Address | 11854 87 Ave |
Area | North Delta |
Sub Area | 11 Annieville |
State/Province | British Columbia |
Country | Canada |
Price | $2,600,000 |
Property Type | Single Family |
Bedrooms | 4 |
Bathrooms | 2 |
Floor Space | 1968 Square Feet |
Lot Size | 0.17 Acres |
Year Built | 1959 |
Parking | 4 Spaces, Carport; Multiple |
Taxes | $4,926 |
Tax Year | 2024 |
MLS® # | R2935887 |
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.
Listed by CENTURY 21 COASTAL REALTY LTD.
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