About 11854 87 Avenue
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.
Property Details of 11854 87 Avenue
| Price | $2,600,000 |
|---|---|
| Year Built | 1959 |
| Stories in Building | 2 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Basement Entry |
| Floor Levels | 2 |
| Main Floor | 970 sqft |
| Total Size | 1,968 sqft |
| Bedrooms | 4 |
| Full Baths | 2 |
| Heating | Electric, Forced Air |
| Basement | Finished |
| Title to Land | Freehold NonStrata |
| Property Taxes | $4,926 |
Amenities and Features
| Parking Type | Carport Multiple, Front Access, Asphalt, Concrete |
|---|---|
| Parking Total | 4 |
Lot Size
| Lot Area | 7,474 |
|---|---|
| Frontage | 74 |
| Depth | 74 x 101 |
Listing Details
| MLS® # | R2935887 |
|---|---|
| Status | Active |
| Listing Date | October 16th, 2024 |
| Address | 11854 87 Avenue |
| Subdivision | Annieville |
| Area | N. Delta |
| Province | BC |
| Listing Office | Century 21 Coastal Realty Ltd. |