Three Langley house lots assembled for $4.26M

Land assembly has rezoning potential for a residential development with up to 51 units

By
for Western Investor
March 11, 2020





DD Langley land assembly three lots

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


Suraj has worked as a real estate agent for Regent Park Realty, previously of Sotheby’s International Realty Canada.

Regent Park Realty Inc.
Suite 306, 2309 W 41st Avenue
Vancouver, B.C. V6M 2A3
Office: 604-732-8322

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