FOR SALE 34.08 acres for residential subdivision
Unique Opportunity | Multi-acre residential development site
CBRE Limited is pleased to announce the opportunity to acquire a 34.08 acre development site located in the Rinn neighbourhood of Langley, BC. The pre-assembled 6-lot property is located at 208th Street and 30th Avenue (the “Property”), across from the privately-owned Sunrise and Rees Lakes.
Designated for single-family lot subdivision ranging between 7,000 – 10,00 SF (under the draft Rinn neighbourhood community plan), the Property offers a unique opportunity to acquire a residential development site of significant scale in Langley, one of Metro Vancouver’s fastest growing cities; Langley’s population continues to grow and is pro-jected to exceed 170,000 residents by 2023.
The Property is situated along the major arterial of 208 Street, and is conveniently located 20 minutes from the US/Canada Peach Arch Border crossing, 12 minutes from Willowbrook Shopping Centre and commercial hub of Langley, and 20 minutes from the Carvolth Bus Exchange (connecting residents to downtown Vancouver and the rest of Met-ro Vancouver, Fraser Valley, and Tri-cities, via connections to the Expo and Millennium SkyTrain lines).
Additionally, Langley residents can look forward to the upcoming Surrey-Langley SkyTrain extension, which will offer 8 rapid-transit stations including a terminus station at 203 Street along Fraser Highway, approximately 10 minutes from the Property.
Brookswood-Fernridge Neighbourhood Plans | RINN Neighbourhood Plan
The Rinn neighbourhood is the eastern-most part of the Brookswood-Fernridge area and encompasses 453 acres.
The Property is located at the most southern portion of the Rinn neighbourhood. Under the neighbourhood plan, it is designated as a Single Family Two site (for the potential subdivision of the Property into single family residential lots, ranging between 7,000 and 10,000 SF) with a portion designated as Conservation land.
Development Highlights
- Already pre-assembled – rare opportunity to acquire a residential development site of significant size, com-prised of over 34 acres.
- The Property is located along the major arterial of 208 Street, which together with its size, logically invites sub-division re-development (per the Township of Langley).
- Property elevation provides views towards the south and east in a desirable private and peaceful residential community, abutting ALR land.
- Ideally located in Langley where there is a growing population of young families moving eastbound towards the Fraser Valley.
- Potential for over 90 subdivided, single-family residen-tial lots, ranging between 7,000 SF and 10,000 SF (per draft Rinn Neighbourhood Plan).
- Significant amount of due diligence work already conducted – documents include: environmental assess-ment, geotechnical study, subdivision plans.
Contact Agents for more details:
David Ho
Personal Real Estate Corporation
Executive Vice President
International Markets Team
david.ho@cbre.com
604-662-5168
Victoria Lam
Sales Associate
Team Manager
International Markets Team
victoria.lam@cbre.com
604 662 5153