Land assembly of three single-family lots totalling 28,411 square feet, with a rezoning potential for 51 residential units, was sold at $4.26 million, reports Regent Park Realty. This is a land value of $150 per square foot.
Breakdown:
Type of property: Land assembly
Location: 20179, 20189 and 20199 53A Avenue, City of Langley
Number of lots: 3
Land size: 28,411 square feet
Current zoning: Residential single-family
Rezoning potential: RM3 high-density
Potential FSR: 1.7 floor space ratio
Sale price: $4.26 million
Date of sale: February 27, 2020
Brokerage: Regent Park Realty, Vancouver
Broker: Suraj Rai
