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20120 86 Av - 2.34 acre apartment development site 2.34 Acres of Residential Land in Langley, BC V2Y 2C1
Investment Highlights
- 2.34-acre site located in the Carvolth Neighbourhood Plan with designations supporting medium and high-density residential uses.
- Draft Willoughby Transit Corridor Plan designation supports up to 3.0 FSR base density with ground-floor retail permitted.
- Surrounded by active multifamily construction and amenities, enhancing long-term absorption potential.
- Walking distance to Carvolth Bus Exchange and the proposed BRT route on 200 Street.
- Fully serviced property line with development application already in process.
Executive Summary
Designated under the Carvolth Plan for mixed-use with a combination of medium and high-density residential zones, the site also aligns with the draft Willoughby Transit Corridor Plan, which supports a base density of 3.0 FSR and up to 6.0 FSR with retail at grade. Full municipal services extend to the property line, and an existing development application further accelerates timelines, reducing investor risk.
Surrounding developments include large-scale multifamily and mixed-use projects currently under construction, reinforcing market demand in this rapidly urbanizing area. Residents will benefit from proximity to major arterials like Highway 1 and a diverse selection of retail, educational, and recreational amenities.
This rare infill development site combines zoning flexibility, transit-served connectivity, and strong surrounding growth dynamics, ideal for developers pursuing high-yield multifamily or mixed-use projects.
Property Facts
1 Lot Available
Lot
| Lot Size | 2.34 AC |
| Lot Size | 2.34 AC |
Development Potential: Mixed use condo-development
Description
The property comprises a 2.34-acre site within the Carvolth Neighbourhood Plan in Langley, British Columbia. Located south of 86 Avenue at 201 Street, the site is in proximity to major transportation infrastructure, including Highway 1 and Carvolth Bus Exchange. A draft transit corridor plan identifies this area for higher density, transit-oriented development. Land use under current and pending planning frameworks includes provisions for mixed-use residential and commercial uses, with supporting utilities and services available at the property boundary.
Contacts
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Mike Harrison -
Michael Buchan -
Carey Buntain -
Brendan Hannah -
Jonathan Hallett -
Avison Young
Presented by
20120 86 Av - 2.34 acre apartment development site
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