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3383 205 St
Langley, BC V2Z 2C9
Land For Sale
·
4.75 AC
Executive Summary
Total Land Cost: $15,000,000 CAD
Total Hard Costs: $43,200,000 CAD
Total Soft Costs: $6,480,000 CAD
Total Development Cost: $64,680,000 CAD
Desired Profit Margin: 20%
Total Profit: $12,936,000 CAD
Total Projected Revenue: $79,200,000 CAD
Estimated Selling Price per Home: Approximately $1,980,000 CAD
Conclusion
The estimated total development cost for a 40-lot subdivision is approximately $64.68 million CAD, with a potential profit of around $12.94 million CAD based on a selling price of $1,980,000 CAD per home. Adjustments can be made based on actual infrastructure costs, soft costs, and local market conditions.
Disclaimer: All information provided in this advertisement is deemed reliable but is not guaranteed and should be independently verified. Measurements, property details, zoning, pricing, and availability are approximate and subject to change without notice. Neither the listing agent nor the seller makes any representation or warranty as to the accuracy or completeness of the information. Prospective buyers are advised to conduct their own due diligence.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.75 AC |
| Property Type | Land | ||
| Zoning | SR-2 - Suburban Residential Zone | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 4.75 AC |
| Zoning | SR-2 - Suburban Residential Zone |
1 Lot Available
Lot
| Price | $9,904,325 USD | Lot Size | 4.75 AC |
| Price Per AC | $2,085,121.01 USD |
| Price | $9,904,325 USD |
| Price Per AC | $2,085,121.01 USD |
| Lot Size | 4.75 AC |
Property Overview Address: 3383 205 Street, Langley, BC V2Z 2C9 Lot Size: 4.75 Acres Zoning: SR-2 (Suburban Residential Zone) Sale Type: Investment Sale Condition: Redevelopment Project Price: $15M CAD Price per acre: ~$3.16M
Description
Feasibility Study 1. Development Cost Charges (DCCs) Langley City DCCs (as of 2024): Detached Residential Lot: $45,563 per lot. Total for 40 lots: 40×45,563=1,822,520CAD 2. Infrastructure Costs (Per Lot) Estimated per-lot servicing costs: Sewer, water, drainage, curbs, and lighting: $50,000 – $100,000 per lot. Total for 40 lots: Lower Estimate: 40×50,000=2,000,000CAD Upper Estimate: 40×100,000=4,000,000CAD 3. Subdivision & Permit Fees Subdivision application fee: 3,740+(125×40)=3,740+5,000=8,740CAD Development permit: 5,000+(100×40)=5,000+4,000=9,000CAD Development variance permit (if needed): $5,000 CAD Total fees: 8,740+9,000+5,000=22,740CAD 4. Professional Services Surveying & Engineering: $100,000 – $250,000 CAD Geotechnical & Environmental Studies (if required): $50,000 – $100,000 CAD 5. Road & Utilities Infrastructure New internal roads, sidewalks, and power connections: $500,000 – $1,500,000 CAD Total Estimated Servicing Cost for 40 Lots Expense Category Estimated Cost (Low) Estimated Cost (High) DCCs $1,822,520 $1,822,520 Infrastructure (Sewer, Water, Drainage, etc.) $2,000,000 $4,000,000 Subdivision & Permit Fees $22,740 $22,740 Surveying & Engineering $100,000 $250,000 Geotechnical & Environmental $50,000 $100,000 Road & Utilities Infrastructure $500,000 $1,500,000 Total Estimated Cost $4,495,260 $7,695,260 6. Development Overview Land Cost: Total Land Cost: $15,000,000 CAD 7. Hard Costs (Construction Costs) Assuming a hard cost of $300 CAD per square foot: Total Square Footage for 40 Homes: Total Square Footage=3,600sq ft×40=144,000sq ft Total Hard Costs: Total Hard Costs=144,000sq ft×300CAD/sq ft=43,200,000CAD 8. Soft Costs Soft costs will remain at 15% of the hard costs: Total Soft Costs=43,200,000×0.15=6,480,000CAD 9. Summary of Costs Cost Category Amount Land Cost $15,000,000 CAD Hard Costs $43,200,000 CAD Soft Costs $6,480,000 CAD Total Development Cost $64,680,000 CAD 10. Profit Margin Profit margin of 20%: Total Profit=64,680,000×0.20=12,936,000CAD 11. Total Projected Revenue To determine the total projected revenue based on a selling price of $550 CAD per square foot: Projected Revenue per Home: Projected Revenue per Home=3,600sq ft×550CAD/sq ft=1,980,000CAD Total Projected Revenue: Total Revenue=1,980,000×40=79,200,000CAD Final Summary for the Developer Total Land Cost: $15,000,000 CAD Total Hard Costs: $43,200,000 CAD Total Soft Costs: $6,480,000 CAD Total Development Cost: $64,680,000 CAD Desired Profit Margin: 20% Total Profit: $12,936,000 CAD Total Projected Revenue: $79,200,000 CAD Estimated Selling Price per Home: Approximately $1,980,000 CAD Conclusion The estimated total development cost for a 40-lot subdivision is approximately $64.68 million CAD, with a potential profit of around $12.94 million CAD based on a selling price of $1,980,000 CAD per home. Adjustments can be made based on actual infrastructure costs, soft costs, and local market conditions.
