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For Sale
$11,000,000

3rd Reading Townhouse Site in Mission

33111 - 33157 Cherry Avenue
MISSION

2.70 ACRES | Residential Development Land
UNDER CONTRACT

The Opportunity

3rd Reading Townhouse Site in Mission

This offering is an opportunity to acquire a 3rd reading townhouse site in the Cedar Valley neighbourhood of Mission. The 69 unit site will be delivered following the vendor’s receipt of 3rd Reading. As a relatively flat infill project, it benefits from low servicing costs and a unit mix comprised primarily of compact 3 bedroom tandem garage units resulting in a more affordable unit mix delivered in a neighbourhood short on supply of lower priced homes.

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Summary

Property
Attributes

Land Size

2.70 acres

Development Application for

69 units

Price

Sale Price

$11,000,000

Location

33111 - 33157 Cherry Avenue
MISSION

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Property
Features

The development application on the site is anticipated to receive 3rd Reading by August this year. The 69 units range in size from 1,356 to 1,781 square feet with an average unit size of 1,492 square feet. 65 units have a tandem garage and 4 have a side-by-side garage. The 5 parcel assembly is relatively flat with services at the lot line.

About The
Location

Located in Mission’s Cedar Valley neighbourhood, this site benefits from a variety of neighbourhood amenities including multiple elementary schools and parks within walking distance. The site is adjacent to a bus route with frequent service to Downtown Mission, and its proximity to Lougheed Highway and the Westcoast Express train make for quick access throughout Metro Vancouver.