- ©MLS R2935887
- Area 1968 sq ft
- Bedrooms 4
- Bathrooms 2
- Parkings 4
Description
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 story, 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 multiple properties and must be sold in conjunction with 11868-87 Ave, 11872-87 Ave, and 11854-87 Ave. (id:48970) Show More
Details
- Age: 66 Years
- Property Type: Single Family
- Type: House
- Architectural Style: Other
Features
- Mountain view
- Forced air
Location
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Data provided by: Fraser Valley Real Estate Board