About This Property
DEVELOPMENT OPPORTUNITY - Exceptional potential in a rapidly evolving neighborhood of Ladner Village. Situated on a prime lot with neighboring properties already undergoing redevelopment, this property benefits from Delta´s updated Official Community Plan (OCP), which supports higher-density residential options. The property is currently designated as Mixed Residential (MR) under the Delta OCP. Current owners have conducted a pre-application meeting with City of Delta to discuss a 6 unit townhouse proposal and rezoning from Single Detached Residential (RS2) to either a Comprehensive Development (CD) zone or Townhouse Residential (RT76), allowing for a thoughtfully designed 6-unit townhouse project. This development would contribute towards Provincial ministerial targets set for Delta. (id:64973)
At $1,170 per square foot, this property is priced competitively compared to the Delta market average of $1,050 per square foot, reflecting the exceptional redevelopment potential. Given the proposed townhouse zoning, this property would appeal to real estate investors seeking to maximize the returns on a multi-unit development in the rapidly evolving Ladner Village neighborhood.
Property Details
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