Court ordered wood-frame site

7010 204 Street & 20443 70 Avenue, Langley

$17,500,000

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Price $17,500,000

Property type Development site

Units 254

Storeys 6

Building size 238,788 SF gross / 198,600 SF net

Land area 2.26 acres (98,608 SF) net

Zoning SR-2

Floor space ratio 2.42 FSR

Price per SF buildable $73

PID 009-265-481, 009-265-473

Legal description Lots 7 & 8 Section 14 Township 8 New Westminster District Plan 22544

Overview

Court-ordered sale of a 2.26-acre wood-frame development site in the Central Gordon neighbourhood of Willoughby. The property encompasses two legal lots at the corner of 70^th Avenue and 204^th Street within the Township of Langley and is designated as Apartment and Apartment Mixed Use within the Central Gordon Estates Neighbourhood Plan. The site is ready for servicing with active projects underway nearby.

The current proposal envisions development of a 254-unit project comprising 3 six-storey strata buildings totaling 238,788 SF (2.42 FSR), including 11,064 SF of ground-floor commercial space. The plans propose a mix of one, two and three-bedroom suites with an average size of 782 SF. Seven commercial units are positioned on the ground floor of Building A to benefit from its high-exposure corner location. Between the three buildings is surface commercial parking along with a landscaped courtyard.

Available materials

Architectural drawings
Civil drawings
Landscape drawings
Arborist report
Geotechnical
Stage 1 environmental

Location

The site is located at the northeast corner of 70^th Avenue and 204^th Street in the heart of North Langley’s vibrant Willoughby community. Central Gordon is an emerging neighbourhood within the Township of Langley, with significant residential development activity underway. Positioned just off 200^th Street, the property offers convenient access to major transportation corridors, is less than five-minutes from the main commercial hub within Langley, while retaining a tranquil setting with close proximity to parks, schools and commercial amenities.

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	No. units	Size range
1 bedroom	No. units40	Size range550 SF – 700 SF
1 bedroom + den	No. units134	Size range700 SF – 800 SF
2 bedroom	No. units12	Size range890 SF
2 bedroom + den	No. units58	Size range980 SF – 1,100 SF
3 bedroom	No. units7	Size range1,116 SF – 1,193 SF
2 bedroom townhouse	No. units3	Size range1,247 SF – 1,457 SF

Financials

Financing	Treat as clear title.
Assessment 2024	Land	Land$15,187,000
Taxes 2023	$59,249

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.