Property Overview

Avison Young is pleased to present, on behalf of the court-appointed receiver, the opportunity to acquire a 2.34-acre condo development site in the Carvolth Neighbourhood Plan of Willoughby, walking distance to the Carvolth Bus Exchange and a future BRT station.

The property possesses a combination of medium and high density land use designations in the Carvolth Neighbourhood Plan, as well as a Medium Density Mixed Use designation in the new draft Willoughby Transit Corridor Plan.

All services exist at the property line and an existing development application make for a shortened timeline to development.

Highlights

Site Size: 2.34 acres

Development Potential: Mixed use condo-development

Application Status: Submitted, not approved

Services: At the property
Transit oriented, walkable location

Carvolth Land Use Designation:
Apartment Live Work (2.0 FSR)
High Density Apartment (2.8 FSR)
Medium Density Apartment (1.9 FSR)

Draft Willoughby Transit Corridor Plan Land Use Designation:
Medium Density Mixed Use (3.0+ FSR)

Asking Price

$7,000,000 (approx. $3,000,000 per acre)

All offers subject to court approval.

Downloads

Brochure - 20120 86 Avenue, Langley

Brochure - 20120 86 Avenue, Langley

Location Map