11220 72 AVENUE, Delta
$1,298,000
This 9,193 sqft property in Delta is a detached single-family home on a lot the new rules make suitable for a multiplex. Delta applies the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. Delta's wide lots suit the higher counts, outside the farmland areas.
Exceptional investment and future development opportunity in a prime location. This property offers immediate income potential with two suites (including unauthorized accommodation), making it ideal for investors looking for holding value. Situated within the OCP MGR Residential designation, the area supports townhouse development with densities of up to 30 units per acre and a maximum height of 3 storeys (buyer to verify with the City of Delta). Part of a potential land assembly, with the option to purchase individually or together with 11230 72nd Avenue (also listed on MLS). Measurements by Excelsior. Contact listing agent for further details.
How this price compares
This lot asks $141 per square foot of lot. That is 21% below the median of $179 across the 243 active lots VanPlex is showing in Delta, and puts it 51 of 243 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,298,000
- Lot size
- 9,193 sqft
- Lot dimensions
- 60 x 150
- Frontage
- 60 ft
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1977
- MLS® area
- Sunshine Hills Woods
- MLS® number
- R3108127
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Listing data via MLS®. Displayed for information only.