About This Property
COURT-ORDERED SALE: 47.2-Acre strategic development site in South Delta. 100% EXEMPT FROM ALR-a rare "Golden Ticket" for institutional developers. Perfectly aligned with BC´s housing mandates (Bill 44/47) and Delta´s 3,607-unit Provincial target. Under the July 2024 OCP update, this site offers massive density potential without traditional public hearing hurdles. Preliminary maps confirm sanitary and water at the lot line (6th Ave corridor). This is a Tier-1 land play for a master-planned community. Representing the first-charge lender; seeking a clean, professional closing. Digital Data Room available with Title Search, ALR maps, and technical servicing data. Secure one of the largest contiguous non-ALR development parcels in the region today. (id:64973)
At $19 million for 47.2 acres, this Tsawwassen property represents a compelling value proposition, offering a mere $402 per square foot compared to the average $600-$800 per square foot for residential land in the area. Given its strategic location and development-ready status, this site is ideally suited for institutional developers seeking a transformative master-planned community project aligned with the region's housing growth targets.
Property Details
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