For Sale
$6,500,000

2.61 Acre Development Site in Willoughby

7676 Morrison Crescent
Willoughby, LANGLEY

2.61 ACRES | Residential Land

The Opportunity

2.61 Acre Development Site in Willoughby

This offering presents an opportunity to acquire a 2.61 acre single family or rowhome development site in the Williams neighbourhood of Willoughby, in North Langley. Williams is one of the final neighbourhoods of Willoughby to have received adoption of its neighbourhood plan. Development applications have been submitted by the leading development groups and construction is well under way on the new Highway 1 interchange at 216 Street, so development is anticipated to be imminent. The property is mostly clear with a very well kept home and gentle slopes to the southeast for views of the Milner Valley.

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Summary

Property
Attributes

Land Size

2.61 acres

Land Use Designation:

Single Family Mixed Residential (6 – 10 UPA)

Price

Sale Price

$6,500,000

Property Tax:

$6,327.46

Price Per Acre:

$2,490,000

Location

7676 Morrison Crescent
LANGLEY, Willoughby

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Property
Features

The Single Family Mixed Residential land use designation in the Williams Neighbourhood Plan permits the development of a combination of single family, compact single family, semi-detached and rowhome housing forms up to a density of 10 units per acre, calculated on the gross site area. Theoretical maximum yield is up to 26 lots. A preliminary layout has been drawn showing 19 single family lots. The Township of Langley planning staff have confirmed the future school/park site has been secured by the leading development group, along with the land for the future stormwater detention ponds.

About The
Location

The subject site is located in east Willoughby, in the Williams neighbourhood, overlooking the sprawling farm land of Milner Heights. The area benefits from the existing amenities in Willoughby Town Centre and Willowbrook which contain major retail, restaurants, parks, recreation and many other services. The subject property is less than 10 minutes from Highway 1 at 200 Street and will be approximately 3 minutes from the new 216 Street interchange, which is scheduled to be completed by the end of 2019. It is also walking distance to Williams’ future school and park sites.

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