11944 92 Ave Brochure

11944 92 Ave Brochure

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 [email protected] rennie.com/jasonlai 778.996.1788

Nick Yeung Real Estate Advisor

[email protected] rennie.com/nickyeung 604.782.8186