Langley 2.3-acre site fetches $9.2M for redevelopment

Site in desirable Willoughby neighbourhood has 2.34 acres and is zoned for a 44-unit townhouse development

By
for Western Investor
March 17, 2020





DD Langley manufactured home park townhouse site

A 2.34-acre site in Willoughby, zoned for a 44-unit townhouse development, has sold for $9.2 million, $1.3 million above its assessed value, reports Frontline Real Estate Services.

Breakdown:

Type of property: Development land

Location: 20179 84th Avenue, Langley

Size of land: 2.34 acres

Zoning: Townhouse development (44 units).

BC Assessment 2020: $7.9 million

Sale price: $9.2 million

Date of sale: March 4, 2020

Brokerage: Frontline Real Estate Services, Surrey

Broker: Mike Harrison


Personal Real Estate Corporation
Mike Harrison (Personal Real Estate Corporation) is a real estate broker at Frontline Real Estate Services, focusing exclusively on residential development land in the Fraser Valley and supporting the entire development land division on marketing and analysis.
Frontline Real Estate Services Ltd.
#160 – 8612 201 Street
Langley, B.C. V2Y 0G9
Office: 604-668-5993

Copyright © Western Investor

Email to a Friend

Close
Most Popular