Lot for sale
11868 87 Avenue, Annieville, Delta
$1,300,000
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 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. The application submitted to the City of Delta for Approximately 89500 Sq Ft Buildable area for 119 Units in total. This land assembly involves 5 properties and must be sold in conjunction with 11854-87 Ave, 11872-87 Ave, 11853-86A Ave, and 11867-86A Ave.
MLS® Number R3062920
Price History
| Date | Status | Price |
|---|---|---|
| Feb, 22, 2020 | Sold | $1,080,000 |
| Oct, 28, 2018 | Sold | $900,000 |