For Sale
$9,000,000

2.50 Acre Townhouse Site in Willoughby

7628 202A Street
Willoughby, LANGLEY

2.50 ACRES | Residential Land

The Opportunity

2.50 Acre Townhouse Site in Willoughby

This offering presents an opportunity to acquire a 2.5 acre townhouse development site in the Latimer neighbourhood of Willoughby, in north Langley. The subject property is in the southeast quadrant of the Latimer neighbourhood and will benefit from the services being constructed by the 30 acre master plan community currently under application across the street to the west. The property is mostly clear and improved with two, tenanted single family homes.

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Summary

Property
Attributes

Land Size

2.50 acres

Land Use Designation:

Townhouse B (8 – 22 UPA)

Price

Sale Price

$9,000,000

Property Tax:

$17,019.19

Location

7628 202A Street
LANGLEY, Willoughby

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Property
Features

The Townhouse B land use designation in the Latimer Neighbourhood Plan permits the development of townhouses up to a density of 22 units per acre. A
preliminary site plan (see below) has been drawn showing 58 units; however, the proposed road network in the Latimer neighbourhood plan may result in a net developable area dictating a reduced yield.

About The
Location

Centrally located in Willoughby’s Latimer neighbourhood, this site is located across the street from R.E. Mountain Secondary, a public school which offers the International Baccalaureate program and is currently undergoing an expansion to add a middle school. The school backs onto Willoughby Community Park, providing pedestrian access to the facilities located there and at the Langley Events Centre. The area benefits from the commercial amenities in nearby Willoughby Town Centre, Carvolth and Walnut Grove, while the area’s proximity to Highway 1 provides convenient access across the Lower Mainland.

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