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.
Data was last updated January 18, 2025 at 07:10 AM (UTC)
Area Statistics
Listings on market:
40
Avg list price:
$1,549,450
Min list price:
$1,199,000
Max list price:
$4,250,000
Avg days on market:
82
Min days on market:
2
Max days on market:
324
Avg price per sq.ft.:
$662.7
These statistics are generated based on the current listing's property type
and located in
Annieville. Average values are
derived using median calculations.
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