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

By
for Western Investor
January 15, 2019





53a ave
 
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.
 
 

Breakdown: 

 
Price: $6,336,934
Lot Size: 37,990 SF
Property Type: Land 
Zoning: RM3
Date of Sale: 12/20/2018
City: Langley 
Province: B.C. 
Name of Brokerage: Regent Park Realty 
 

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Suraj has worked as a real estate agent for Regent Park Realty, previously of Sotheby’s International Realty Canada.

Regent Park Realty Inc.
Suite 306, 2309 W 41st Avenue
Vancouver, B.C. V6M 2A3
Office: 604-732-8322

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