FOR SALE investment opportunity
11944 92ND AVENUE, DELTA
NICK YEUNG rennie & associates realty ltd.
JASON LAI PERSONAL REAL ESTATE CORPORATION rennie & associates realty ltd.
investment opportunity FOR SALE
SUBJECT PROPERTY 11944 92nd Ave, Delta, BC LOCATION
TOTAL BUILDABLE AREA (BASED ON 2.2 FAR): 329,272 SF STRATA LOTS: 34 units BC ASSESSMENT VALUE (2020): $16,991,000
Located south of 92nd Avenue on the western portion of 120th Street, in the City of Delta. The property is currently improved with 10 buildings comprising of a total of 34, two story townhomes with adjacent carports. MUNICIPALITY Delta ZONING Current: CD Future Land Use Designation: MDR (SR) LOT AREA:
YEAR BUILT: 1972 AVERAGE UNIT SIZE: 1,248 SF 34 – Three-bedroom townhomes OFFERING PROCESS:
Frontage on 92nd Ave: 178.4 feet Depth (North-South): 633.5 feet LOT SIZE (APPROX.): 149,669 SF or 3.44 Acres
Prospective purchasers are invited to submit Offers to Purchase 11944 92nd Avenue, Delta, BC to rennie & associates realty through its designated agent(s) for consideration by the Vendors. ASKING PRICE: Please contact listing agents
site area
SUBJECT PROPERTIES 11944 92nd Ave
92 AVE
DELVIEW PARK
DELVIEW SECONDARY SCHOOL
GIBSON ELEMENTARY SCHOOL
SAVE-ON-FOODS
NORDEL WAY
SHOPPERS DRUG MART
THE AREA The City of Delta has quickly grown to be a highly desirable suburb in the Lower Mainland. Its convenience of quick access to various municipalities such as Surrey, Richmond, NewWestminster, Burnaby, Coquitlam has made it sought after by families and individuals of all age ranges. Some of the key factors which have created a tightly knitted sense of community in Delta are the desirable schools, abundance of parks and community centres as well as its convenience to employment, retail shopping and services found in Surrey City Centre. New multi-family home developments in the City of Delta have shown robust demand in recent times with projects seeing quick absorptions through a strong investor and end user buyer profile.
zoning & land use:
The subject property is currently categorized as a Comprehensive Development zone (CD53). Under the North Delta Future Land Use Area Plan the municipality has identified the subject property to be primed for Medium Density Residential – Scott Road (MDR SR). The MDR SR designation is intended for low-rise structures accommodating multiple-family residential uses. Density: Up to 2.2 floor space ratio and no more than 200 units per hectare (80 units per acre) Height: Maximum 6 stories
NORTH DELTA FUTURE LAND USE PLAN
North Delta Refer to Schedule C.1 for further details on the North Delta Future Land Use Plan
City of Surrey
17
96 Ave
C(ND)
ESA2
ESA2 I
S
ESA2
MDR(ND)
P
SFR
ISF(ND)
I
ISF(ND)
ESA2
S
P
92 Ave
S
P
S
SUBJECT PROPERTY
P
P
S
MDR(SR)
ISF(ND)
C(ND)
S
Alex Fraser Bridge
MU (ND)2
P
RG(ND)
P
ESA2
MDR (ND)
S
S
ISF(ND)
91
ISF(ND)
88 Ave
MU (ND)1
ESA2
S
S
SFR
S
P
SFR
MU (ND) 1
P
S
ESA2
ESA2
ISF(ND)
C(ND)
S
P
SFR
ESA2
ISF(ND)
MDR(SR)
SFR
P
ISF(ND)
MDR
MGR(DG)
S
S
84 Ave
I C(ND)
MU(ND)3
S
RG(ND)
RG(ND)
MU (ND)4
MGR
P
MU
SFR
RG(ND)
SFR
P
MDR
P
ESA2
MDR (ND)
ISF(ND)
17
ISF(ND)
MDR
RG(ND)
S
P
MGR
SFR
MU (ND)1 MU (ND)2
P
P
P
P
I
S
MDR (ND)
S
SFR
MU (ND)5
80 Ave
P
ISF(ND)
MU(ND)2
S
ISF(ND)
ISF(ND)
P
ISF(ND)
ESA3
MDR (ND)
ESA3
S
S
Delta Nature Reserve
P
Source: The Corporation of Delta Official Community Plan, Bylaw 3950, 2005; Future Land Use Plan
P
SFR
S
site photos
rennie & associates realty ltd. 51 East Pender Street Vancouver, BC V6A 1S9 604.681.8898 rennie.com
Jason Lai Personal Real Estate Corporation jlai@rennie.com rennie.com/jasonlai 778.996.1788
Nick Yeung Real Estate Advisor
nyeung@rennie.com rennie.com/nickyeung 604.782.8186
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