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Langley development site sold for $3M an acre

Value hinges on future multifamily and employment uses
Nav Gill and Jas Saprai, Landvault Group, for Western Investor
2945-200-street-langley
A 2.36-acre site at 2945 200 Street, Langley, sold September 1 for $7.15 million.Landvault Group

DEAL | The off-market sale of 2.36 acres of future multifamily and employment lands at 2945 200 Street in Langley's Brookswood Booth neighborhood sold September 1 for $7.15 million. This was a significant premium to the assessed value of $5.2 million. The sale price worked out to more than $3 million an acre. This deal was completed by Nav Gill and Jas Saprai of Sutton Group-Alliance’s Landvault Investment Group.

PRICE | $7,150,000

FROM | Nav Gill and Jas Saprai, Landvault Group