I have listed a new property at LANGLEY CONDO SITE.
Site area is 28, 400. 00 sqft, a total of 52 units, construction type is wood frame. You can build 5 storey apartment, there are 80 parking spots, parking ratio is 1. 54; base floor space ratio is 2. 5 FSR. Buildable-residential area is 52, 421. 00 sqft, 85% efficiency. Sellable-residential which is net buildable area is 44, 550. 00 sqft. Current sellable price per sqft is $575. 00 and estimate time to complete is 1. 5 years. The estimated revenue is $25, 616, 250 (44, 550 sqft@$575), with total development costs $18, 280, 599; the estimated profit would be $7, 335, 651! The site has been rezoned and the DP building permit could be obtained in only several months! For more information, please call 778-833-1688!
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