Willoughby Willoughby lands consist of three contiguous land parcels located in Langley, B.C. that are registered in the name of Willoughby Residential Development Corporation in trust for the Joint Venture (see Note 5). The development of the lands is expected to commence in 2006. Here are details on our three Willoughby land parcels. It appears that all three lots are currently assesed at $8,450,000, with R-CL zoning, which allows one house on each lot. (Big acerage with one house). Once these lots are zoned R-1, their value is greatly increased. Info was found here, in the online services section:
https://www.tol.bc.ca/ Looking at the Willoughby Community plan, it appears that there is commercial zoning and Residential zoning intended on or near our land. Here is a picture of where I think our Langley lots are:
Here are current details on our 3 Willoughby lots:
21061 83 AVE Property No: 115334 Folio: 0163711113 PID: 012-006-076 Legal: LOT 13, SECTION 25, TOWNSHIP 8, NEW WEST DISTRICT, PLAN 1137 EXCEPT PLAN BCP18909. Zone: R-CL Actual Assessment Details Year Exempt Code Land Class Land Improvement Class Improvements 2006 00-FULLY TAXABLE LAND, STRUCTURES 1-Res
2,000,000 1-Res 58,600
21061 83 AVE Property No: 115334 Folio: 0163711113 PID: 012-006-076 Legal: LOT 13, SECTION 25, TOWNSHIP 8, NEW WEST DISTRICT, PLAN 1137 EXCEPT PLAN BCP18909. Zone: R-CL Actual Assessment Details Year Exempt Code Land Class Land Improvement Class Improvements 2006 00-FULLY TAXABLE LAND, STRUCTURES 1-Res
2,000,000 1-Res 58,600
21157 83 AVE Property No: 103751 Folio: 0163911004 PID: 002-505-380 Legal: SECTION 25, TOWNSHIP 8, NEW WEST DISTRICT, PLAN 60406 PARCEL A, EXCEPT PLAN BCP18909. Zone: R-CL Actual Assessment Details Year Exempt Code Land Class Land Improvement Class Improvements 2006 00-FULLY TAXABLE LAND, STRUCTURES 1-Res
4,450,000 1-Res 90,700 Just south of our land, there has been a recent rezoning, and marketing of homes is underway. I would guess that the specs are including the finished basement as part of the 3,622 sq ft, as the lot is only 4,245 sq ft. I would guess that the lots are worth over $100,000 each in this area. 7377 200A ST Langley, BC Canada MLS# F2515878 type House property value $518,000 bedrooms 6 bathrooms 3 full & 1 half square feet 3,622 est. prop. tax - year built 2005 living area 3,622 lot size 4245.0 sqft. basement Full Description Great room plan home with exceptional construction and finishings. Generous use of hardwood, tiles, granite; FULLY FINISHED BASEMENT. Plans available for viewing.