855 BAYVIEW DRIVE, Delta
$1,699,000
This 12,680 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.
This prime 25,372 SF land assembly comprises two contiguous lots at 855 Bayview Drive and 4965 8A Avenue, situated in one of Tsawwassen's most established and sought-after neighbourhoods. Already designated under the new Official Community Plan Small Scale Residential (SSR) zoning, the site supports duplex plus garden suite development without the uncertainty of a rezoning application. An ideal canvas for builders and developers looking to deliver a boutique collection of duplex/fourplex residences in Tsawwassen. The two lots offer approximately 188 ft of frontage on 8A Avenue and approximately 137 ft of frontage on Bayview Drive. Two existing homes are in place generating holding income while you plan. Additional upside exists with the potential to incorporate an adjacent 8,989SF lot.
How this price compares
This lot asks $134 per square foot of lot. That is 25% below the median of $179 across the 243 active lots VanPlex is showing in Delta, and puts it 43 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
- $1,699,000
- Lot size
- 12,680 sqft
- Lot dimensions
- 100 x
- Frontage
- 100 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1962
- MLS® area
- Tsawwassen Central
- MLS® number
- R3136526
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Listing data via MLS®. Displayed for information only.