11854 87 Avenue, Annieville, Delta

$2,600,000 |   MLS® Number  R2935887

House for sale in Annieville, Delta, N. Delta, 11854 87 Avenue, 262957514 | Realtylink.org

House for sale, 9 rooms, 2 bathrooms

Style
Basement Entry
Year Built
1959
Floor Area
1,968 sqft
Lot Size
7,474 sqft
Lot Frontage
74 ft
Parking Spaces
4
Property Taxes
$4,926 (2024)

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, 11853-86A Ave, and 11867-86A Ave.