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Update: Langley three-lot 1.3-acre land assembly sells for $18 million

Combined assembly of three multi-family rental buildings, with holding income, totalling 60,184 square feet of development land in central Langley, close to the proposed Surrey-Langley Skytrain extension.
Kleaman Commercial Group, North Vancouver, B.C., for Western Investor

Property type: Land assembly

Location: 20659, 20669 and 20672 Eastleigh Crescent, Langley, B.C.

Number of lots: 3

Land size: 60,184 square feet

Land size in acres: 1.38 acres

Zoning: SR-1 (suburban residential)

Potential: Six-storey multi-family with 159 townhouse units.

List price, per lot: $5.9 million

Sale price, per lot: $6 million

Total list price: $17.7 million

Total sale price: $18 million

Brokerage: Kleaman Commercial Group, North Vancouver, B.C.

Broker: Gordon Kleaman


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