20709 EASTLEIGH Crescent
Walnut Grove Langley V4A 4C3

$5,688,000
Multi-Family Commercial

Main Photo: 20709 EASTLEIGH Crescent in Langley: Walnut Grove Multi-Family Commercial for sale : MLS®# C8056915
Photo 1: 20709 EASTLEIGH Crescent in Langley: Walnut Grove Multi-Family Commercial for sale : MLS®# C8056915
Photo 2: 20709 EASTLEIGH Crescent in Langley: Walnut Grove Multi-Family Commercial for sale : MLS®# C8056915
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8056915
Build. Type:
Low Rise (2-4 stories)
A Rare Find Development Site in Central Langley. Close proximity to Surrey-Langley Skytrain Extension. OCP allows FSR up to 2.1, up to 6 story, holding income available. The next door development of 6-story condo building almost done. Currently has 7 units of townhouse fully tenanted. Desirable location that close all accesses such as restaurants, bars, groceries, transit, park, playground, professional services and University. This area is proved to be a promising investment for investors. Fully tenanted with good cash flow. Ask for brochure with details. Don't Miss.
Sale Type:
Asset
Sublease:
No
Construction:
Concrete Block, Wood Frame
Building Type:
Low Rise (2-4 stories), Residential Mix, Multiple Tenant/Multi-Plex (5+)
# Bldgs:
1
# Units:
0
# Other Units:
0
# of Appartments:
7
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
0
# of 2 Bedroom Appartments:
0
# of 3 Bedroom Appartments:
7
# Storeys:
2.0
Year built:
1970 (Age: 54)
Total Floor Area:
11,900 sq. ft.
Lot Area:
20,037 sq. ft.
Lot Depth:
201
Lot Frontage:
100'
Land Use/Zoning:
RM-1
Taxes:
$13,227.56 / 2023
Visitor Parking, Fenced Yard
Services Connected:
Electricity, Natural Gas, Sanitary Sewer, Sewer - Storm
Water Supply:
Municipal
HVAC:
Baseboard, Electric, Separate Controls
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
2.55
Other Income:
$0
Effective Gross Income:
$150,000
Gross Income:
$150,000
Oper. Expenses:
$120,000
Net Operating Income:
$0
Original Price:
$5,688,000
  • Photo 1: 20709 EASTLEIGH Crescent in Langley: Walnut Grove Multi-Family Commercial for sale : MLS®# C8056915
    Photo 1 of 2
  • Photo 2: 20709 EASTLEIGH Crescent in Langley: Walnut Grove Multi-Family Commercial for sale : MLS®# C8056915
    Photo 2 of 2
Listed by Magsen Realty Inc. and TRG The Residential Group Downtown Realty
Data was last updated June 22, 2024 at 07:10 PM (UTC)
Vandad Saniee
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