Langley multi-family development site sold for $22M

The 2.38-acre parcel requires a minimum 286 residential units

By
for Western Investor
April 5, 2018





$22 m
 
A multi-family development site in the Yorkson neighbourhood of Langley has sold for $22 million, Frontline Real Estate Services reports.
 
The 2.38-acre parcel is zoned CD-107, requiring a minimum of 286 units. The subject property is designated for apartment development in the Township of Langley's Yorkson Neighbourhood plan and was zoned and serviced at the time of the sale. It is located adjacent to Willoughby School and within walking distance of Willoughby Town Centre.
 
The property is located at 208 St. and 80 Ave., Langley. 
 

Breakdown:

 
Price: $22,000,000
Lot Size: 2.38 acres 
Property Type: Multi-family 
Zoning: CD-107
City: Langley    
Province: B.C.  
Name of Brokerage: Frontline Real Estate Services Ltd. 
 

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