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Langley residential development site sells for $500K under asking

B.C. site with the potential for 24 detached housing lots has sold for $5 million
Joe Varing,Varing Marketing Group/Homelife Glenayre Realty Co. Ltd.
DD Langley residential development site

A residential development site in Langley with the potential for 24 detached housing lots has sold for $500,000 below its $5.5 million asking price.

Breakdown:

Location: Langley, B.C.

Property type: Land: residential single-family development site

Property size: 2.4 acres

Zoning: (10 UPA x 2.44) equals 24 building lots

List price: $5.5 million

Sold price: $5 million

Brokerage: Varing Marketing Group/Homelife Glenayre Realty Co. Ltd.

Agent: Joe Varing