Rare opportunity to develop a 3.4 acre site along 120th Street (Scott Rd).
The City of Delta has quickly grown to be a highly desirable suburb in the Lower Mainland. Its convenience of quick access to various municipalities such as Surrey, Richmond, New Westminster, Burnaby, Coquitlam has made it sought after by families and individuals of all age ranges.
Some of the key factors which have created a tightly knitted sense of community in Delta are the desirable schools, abundance of parks and community centres as well as its convenience to employment, retail shopping and services found in Surrey City Centre.
New multi-family home developments in the City of Delta have shown robust demand in recent times with projects seeing quick absorption through a strong investor and end user buyer profile.
Available Space149,617 ft²
Strata wind-up opportunity currently improved with 10 buildings comprising of a total of 34 two storey townhomes with adjacent carports.
ZONING AND LAND USE:
The subject property is currently categorized as a Comprehensive Development zone (CD53). Under the North Delta Future Land Use Area Plan the municipality has identified the subject property to be primed for Medium Density Residential – Scott Road (MDR SR).
The MDR SR designation is intended for low-rise structures accommodating multiple-family residential uses.
Up to 2.2 FSR and no more than 200 UPH or 80 UPA.
Maximum height of 6 storeys
For more information please contact listing agents.
Lot Size149,617 ft²