19855 54 Avenue, Langley

Excellent developmetnt property! This free standing 7 units townhouse development complex with gross building area approx. 10,900 s.f. on 22,225 s.f. (0.51 acres) in land size!!! The property is zoned RM-1 now and the City of Langley's OCP is designated this property for High Density Residential maximum to 2.1 FSR which allow for up to build up to 46,653 sqf residential strata!!! Many updates included laminate floor, carpet, hot water tank, interior paint, bathroom, washer/dryer, furnace, etc. Gross rental income allow the future owner to grow the income during the development permitting process. This offering presents many possibility in a rapidly growing and supply constrained market that is experiencing robust growth due in part to the SkyTrain extension. This land can be used as single development lot or join with other two neigour properties as a larger development lot, Or holding for skytrain coming in great opportunity (id:1945)