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Aldergrove commercial property sold for above asking

Strategic mixed-use development site sells for $5.5 million an acre
3039-271-street-langley
A 0.2-acre redevelopment opportunity at 3039 271 St., Langley, sold Feb. 29, 2024, for $1.1 million.

DEAL | A commercial investment property at 3039 271 St., Langley, featuring a 7,000-square-foot building on 0.2 acres, sold Feb. 29, 2024, for $1.1 million. This was a premium to the list price of $1.05 million. Strategically positioned at the corner of Fraser Highway and 271 Street in the Aldergrove, the site is designated for future medium-density mixed-use development. Varing Group describes it as a crucial piece for regional growth, with 2.0 FSR density and potential for development up to five storeys.

PRICE | $1,108,000

FROM | Joe Varing, Varing Group