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. The application submitted to the City of Delta for Approximately 89500 Sq Ft Buildable area for 119 Units in total. This land assembly involves 5 properties and must be sold in conjunction with 11868-87 Ave, 11872-87 Ave, 11853 - 87A Ave and 11867-86A Ave.
General Info
Price
$2,600,000
Total Bedrooms
4
Total Bathrooms
2
Half Bathrooms
0
Floor Area Total (sqft)
1968
Lot Size
7474
Lot Size Depth
Feet
Lot Size Frontage
74
Basement
Finished
Basement Features
-
Property Metrics
Year Built
1959
Age Of Building
66
Building Type
Single Family Residence
Property Type
Residential
Architecture Style
Basement Entry
Stories
2
Building Features
-
Structures
Residential Detached
Additional Details
MLS® #
R3062902
Building Name
-
Area
N. Delta
Neighbourhood
Annieville
City
Delta
Postal Code
V4C 3A1
Price per Sqft
$1,321
Gross Taxes
$1
Ownership Type
Freehold NonStrata
Maintenance Fee
-
Heating & Cooling
Fireplace
-
Heating Type
Electric, Forced Air
Utilities
Utility Type
Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer
Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)
Public
Parking
Parking Type
Carport Multiple, Front Access, Asphalt, Concrete
Total Parking Spaces
4
Rooms
Floor
Type
Dimensions
Main Level
Living Room
17'2 x 17'2 ft
Main Level
Kitchen
17' x 17' ft
Main Level
Primary Bedroom
11'8 x 11'8 ft
Main Level
Bedroom
11'8 x 11'8 ft
Below
Family Room
11' x 11' ft
Below
Bedroom
14'2 x 14'2 ft
Below
Bedroom
12'10 x 12'10 ft
Below
Kitchen
12' x 12' ft
Below
Utility
8' x 8' ft
Bathrooms
Floor
Ensuite
Pieces
Main Level
No
#3
Listed by: Century 21 Coastal Realty Ltd.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Neighborhood & Transit Info
Public Schools
Elementary
Hellings Elementary School
Average
0.38 km
5.8/10
Secondary
North Delta Secondary School
1.15 km
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Elementary
Immaculate Conception School
0.44 km
Elementary, Secondary
Khalsa School (Surrey)
3.89 km
Closest Transit
Bus Stop
Westbound Nordel Way @ Scott Rd
0.26 km
Skytrain
Skytrain @ King George Stn
4.36 km
Crime Rate
Total Crime Rate
Below Average
Violent Crime Rate
Low
Property Crime Rate
Below Average
Demographics
Post-Secondary Education
Below Average
17.9%
No Certificate/Degree
Above Average
23.1%
Owner Occupied
Average
64.7%
Employment Rate
Above Average
73.1%
Noise/ Power Lines
Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely
Other
Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely
Local Info
Estimated Mortgage Calculator
/month
Principal & Interest
Property Taxes$0
Maintenance fee0
A 20% down payment of $520,000 on this $2,600,000 listing yields an estimated mortgage of $9,930/month (30-year fixed, 4%). Total estimated housing cost: $9,930/month.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:
Estimated Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment0%
With $7,627/month in estimated rental income against $10,146/month in mortgage payments, the monthly cashflow is -$2,519/month. A 41% down payment would reach break-even.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Home Price Evaluation Chart
This Home
$2,600,000
Delta
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Annieville
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This $2,600,000 listing sits 45.6% above the Annieville average of $1,786,250 for similar 4-bedroom Single Family Residences (2 active comparables).
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Property FAQs
What are the closest top-rated schools to 11854 87 Avenue, Delta, BC?
The closest top-rated schools are Hellings Elementary School and North Delta Secondary School.
Is 11854 87 Avenue, Delta, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 11854 87 Avenue, Delta, BC?
With a standard down payment, the estimated monthly mortgage is approximately $15,600.
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