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 11854-87 Ave. (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
2
Listing Contract Date
2024-10-16
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Views
Mountain view
Building
Age
57 years
Architectural Style
Other
Basement Development
Finished
Basement Type
Unknown (Finished)
Construction Style (Attachment)
Detached
Heating Fuel
Electric
Heating Type
Forced air
Type
House
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Carport
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Water
Available
Land
Total Size
7474 square feet
Sewer
Sanitary sewer, Storm sewer
Size of Irregular Land
7474
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