Multi-family for sale
19855 54 Avenue, Langley City, Langley
$4,680,000
Features
Year Built
1972
Floor Area
10,900 sqft
Lot Size
22,225 sqft
Gross Property Tax
$6,630.73 /year
Building Type
Mul Tenant/MultiPlex (5+)
Zoning
RM-1
Suite Mix Information
6 x 2 ½, 1 x 3 ½
Description
Excellent developmetnt property! This free standing 7 units townhouse development complex with gross building area approx. 10,900 s.f. on 22,225 s.f. (0.51 acres) in land size!!! The property is zoned RM-1 now and the City of Langley's OCP is designated this property for High Density Residential maximum to 2.1 FSR which allow for up to build up to 46,653 sqf residential strata!!! Many updates included laminate floor, carpet, hot water tank, interior paint, bathroom, washer/dryer, furnace, etc. Gross rental income allow the future owner to grow the income during the development permitting process. This offering presents many possibility in a rapidly growing and supply constrained market that is experiencing robust growth due in part to the SkyTrain extension. This land can be used as single development lot or join with other two neigour properties as a larger development lot, Or holding for skytrain coming in great opportunity
MLS® Number C8051585