7235 204th St, Langley, BC V2Y 1B1

$6,800,000

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List Price
$6,800,000
Status
ACTIVE
MLS® #
R3159096
Area
Langley
Community
Willoughby Heights

Property Description

This condo site has DP. Gross site was 2.2 acres, net land 1.717 acres. DP for a 4 story, P-1 site, 120 070 sq.ft. of buildable. When calculating value you must take into account that Sellers have paid $1.46 Million is fees obtaining the DP !!! Base that on the listing price, $6.8 - $1.46 = $5 340 000 net. $44.47 a buildable for a DP site with the savings of doing only P-1 in a very prime Willoughby location. This makes these condos very marketable even today!! Fantastic opportunity. TALK TO THE TOWNSHIP REGARDING TOWNHOUSE REZONING.

Additional Information

Lot Size
74,923
Site Influences
Central Location, Cleared
Acres
1.72
Region
Langley
Title To Land
Freehold NonStrata

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Calculator source: Real Geeks

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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.