TSX:MPC - Post Discussion
Post by
undervalue on Oct 05, 2023 12:17pm
New Silverdale Loftus Village price point.
Two things pop out from this listing from a land focused and I assume rational realtor.
$2 million an acre, and that trunk servicing is very close to starting in early 2024.
The Loftus Village planning has been in the works for a year.
Archer Green resales are in the high 700k for 3 bedrooms, and low 700k for 2 beds.
This is very high margin pricing.
Long dated land sales asks in the area are 750k to a million, near term appears to be twice the ask.
Favourite
8111 LOFTUS STREET
Mission, British Columbia V4S1J9
MLS® Number: R2821364
Prime development site in Silverdale's Loftus Village Area. This 1 acre property will be one of the first privately owned properties to have access to trunk infrastructure, which is slated to begin in Q1 2024. Property is gently sloped, has no environmental or geotechnical obstacles and will eventually feature incredible river views. The property is designated Single Family (5 UPA), but with its close proximity to future Mixed-Use, the MR-1 Row House Designation (10 UPA) can be achieved. (28959038)
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