7707 118 STREET, Delta
$1,399,000
This 10,956 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.
Extra-large 10,956 sq ft. lot with 65 feet of frontage, offering exceptional land value and outstanding multi-unit redevelopment potential. Currently rented to a long-term tenant, the property provides immediate rental income while you plan your future development. Located in a highly desirable area, this is an excellent opportunity for builders, investors, or developers looking to construct new duplexes or explore other redevelopment possibilities (subject to municipal approvals). A rare investment opportunity in a prime location with strong future upside.
How this price compares
This lot asks $128 per square foot of lot. That is 29% below the median of $179 across the 243 active lots VanPlex is showing in Delta, and puts it 37 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
- $1,399,000
- Lot size
- 10,956 sqft
- Lot dimensions
- 65 x 170
- Frontage
- 65 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1957
- MLS® area
- Scottsdale
- MLS® number
- R3150053
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Listing data via MLS®. Displayed for information only.