10286 - 10288 River Road, Delta Listing #: R3038355

$3,299,000
9 Beds
4 Baths
3,350 Sqft
15,304 Lot SqFt
1972 Built
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EXCELLENT DEVELOPMENT OPPORTUNITY: 1.37 ACRES FOR 50 TOWN HOUSES (Tentative) This property is part of a land assembly in North Delta . Development Opportunity: 1.37 Acres for Tentative 50 Town Houses. Three adjacent properties on River Road, Delta total approximately 1.37 acres and may support around 50 town houses, subject to municipal approval. These properties may be suitable for rezoning for multi-family use, as increased density is being encouraged to address housing needs. The tentative monthly rental income is $25,000, which can offset holding costs. There may be potential for future assembly, including the front lots, to expand the land base to about 2 acres and possibly accommodate over 75 town homes. Preliminary drawings and reports are available upon request for qualified buyer
Taxes (2024): $5,052.73
Amenities
  • Garden
  • Balcony
Features
  • Washer
  • Dryer
  • Dishwasher
  • Refrigerator
  • Stove
  • Fire Sprinkler System
  • Smoke Detector(s)
  • Window Coverings
Site Influences
  • Garden
  • Balcony
  • Paved

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MLS Reciprocity

Listed By: Keller Williams Ocean Realty

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