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Langley development site sold at $169 per square foot

The 28,411-square-foot site in City of Langley, B.C. is zoned for high-density with a potential floor space ratio of 1.72 to a maximum of 52 housing units.
Western Investor Staff
20179, 20189 & 20199 53 Avenue, City of Langley, B.C. Regent Park Realty
Regent Park Realty Inc., Vancouver, for Western Investor

Type of property:Development land

Location:20179, 20189 & 20199 53 Avenue, City of Langley, B.C.

Land size:28,411 square feet

Land size in acres:0.65 acres

Zoning:RM-3 (High-density residential)

Potential floor space ratio: 1.72FSR

List price:$4.99 million

Sale price: $4.80 million

Date of sale:October 6, 2020

Brokerage:Regent Park Realty Inc., Vancouver

Broker:Suraj Rai