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11854 87 AVENUE, Delta
Delta
Single Family
$2,600,000
For sale
4 BEDS
2 BATHS
1968 sqft

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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 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.

General Info

R2935887
2
4
0
Carport
Forced air
7474 sqft
Unknown (Finished)
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Purchase Amount $ 2,600,000
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CITY 2 CITY REAL ESTATE SERVICES
11854 87 AVENUE, Delta
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