11853 86a Avenue Delta, British Columbia V4C 3A1
$2,600,000
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, 11854-87 Ave and 11867-86A Ave. (id:52823)
Property Details
| MLS® Number | R2935886 |
| Property Type | Single Family |
| Parking Space Total | 4 |
| View Type | Mountain View |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 5 |
| Age | 65 Years |
| Architectural Style | Other |
| Basement Development | Finished |
| Basement Type | Unknown (finished) |
| Construction Style Attachment | Detached |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 1900 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Carport |
Land
| Acreage | No |
| Sewer | Sanitary Sewer, Storm Sewer |
| Size Irregular | 7500 |
| Size Total | 7500 Sqft |
| Size Total Text | 7500 Sqft |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Water | Available |
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October 23 2024 01:01:56
Fraser Valley Real Estate Board
Century 21 Coastal Realty Ltd.