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7693 118 St - 4 single houses - Zoned duplex redevelopment 1.04 Acres of Residential Land Offered at $4,383,433 USD in Delta, BC V4C 6G9
Executive Summary
Builder alert! Or Investor can hold the properties while waiting for the redevelopment.
Rare opportunity to have 1 acre lot for redevelopment - 4 single houses of each lots min. 10,956 s.f. of totally 45,230 s.f. Good rental income for all 4 properties. Zoning RD3 duplex and residential detached
Annual rental income : $177,600. Potential rent increase to $196,000.
Total expense : $20,000.00.
NOI : $157,600
Cap. rate : 2.7%
Rare opportunity to have 1 acre lot for redevelopment - 4 single houses of each lots min. 10,956 s.f. of totally 45,230 s.f. Good rental income for all 4 properties. Zoning RD3 duplex and residential detached
Annual rental income : $177,600. Potential rent increase to $196,000.
Total expense : $20,000.00.
NOI : $157,600
Cap. rate : 2.7%
Property Facts
1 Lot Available
Lot 3,4,5 & 6
| Price | $4,383,433 USD | Lot Size | 1.04 AC |
| Price Per AC | $4,214,839.85 USD |
| Price | $4,383,433 USD |
| Price Per AC | $4,214,839.85 USD |
| Lot Size | 1.04 AC |
Total lot sizes : 45,230 sq.ft. (1.03 acres) - 7693 118 St., N.Delta - 12,362 sq.ft. - 7707 118 St., N Delta - 10,956 sq.ft. - 7713 118 St., N Delta - 10,956 sq.ft. - 7725 118 St., N Delta - 10956 sq.ft.
Description
Located in a well-established neighborhood of North Delta, this property offers a convenient blend of residential comfort and urban accessibility. Situated along 118 Street, the site benefits from excellent connectivity to major roadways, public transit, and nearby amenities, making it an attractive option for homeowners, investors, or redevelopment consideration.
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Presented by
Metro Edge Realty Inc
7693 118 St - 4 single houses - Zoned duplex redevelopment
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