Four-lot land assembly in Langley sold for $6.33M
The four single-family lots have a combined size of 37,990 and have potential for multi-family rezoning
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A four-property land assembly in Langley has sold for $6.33 million, Regent Park Realty reports.
The four parcels total 37,990 square feet, or 0.87 acres. The property has potential for RM3 High Density Residential zoning and 1.6 FSR, to a maximum of 80 units per acre. For a site of this size, 70 units would be allowed with approximately 60,784 square feet buildable. The site was sold at $167 per square foot of land or $104 per square foot buildable.
The properties are located at 20209, 20219, 20225 & 20237 53A Ave., Langley.
Lot Size: 37,990 SF
Property Type: Land
Date of Sale: 12/20/2018
Name of Brokerage: Regent Park Realty
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