20841 72nd Avenue, Langley

MLS®: R2951388

$7,200,000

670 Sq.Ft. 1 Baths 1 Beds 43,472 Lot SqFt 9999 Built

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Description

Rare Development Opportunity! This 43,472 sq. ft. future multi-family development site is located in the family-oriented neighborhood of Willoughby. This property is currently designated as Medium Density Mixed Use (1.9 FSR) under the Smith Neighborhood Plan, however there is potential for higher density subject to city approval. The site is surrounded by active development applications and is generally a flat lot free from watercourses and creeks. Neighboring property 20815 72 Ave is also available for sale, creating a prime development corner. Home on property is currently tenanted providing holding income. With ongoing growth and infrastructure improvements, including Smith Athletic Park and new schools, this is a one-of-a-kind investment opportunity in a rapidly developing area.

Taxes (2024): $29,273.63