$9.8-million Aldergrove property to become 70-townhouse complex

The 7.4 acre property to be developed is west of 267 Street and behind the Aldergrove Athletic Park.

A 7.4-acre residential property referred to as “Lot 2” on 264 Street in Aldergrove was sold for nearly $10 million to the Hayer Builders Group as of recent.

The vacant parcel of land – adjacent to Agricultural Land Reserve (ALR) property and west of 267 Street, behind the Aldergrove Athletic Park – was first listed by the Varing Marking Group for over $12 million.

“I don’t think Aldergrove has ever seen the type of cutting edge architecture that these guys do,” said Joe Varing of Abbotsford-based Varing Marketing Group, with Glenayre Realty Company Ltd.

The former owner — a local developer — decided to sell the property, according to Varing.

The new Surrey-based owners plan to build upwards of 70 modern townhouse units on the property, which is designated for single- and multi-family residential development.

RELATED: $1.53-million property sold in Aldergrove’s downtown core to be redeveloped

“It is a very sought after location in Aldergrove,” Varing said.

“The demand far exceeds the number of units they’re going to produce. It my opinion that the Township consider much higher density on this parcel.”

The property is within walking distance of some of Aldergrove’s premier amenities, including the Athletic Park, the newly-constructed ACUCC, Betty Gilbert Middle School and Aldergrove Community Secondary.

“Aldergrove will be surprised to see this development once it’s finished,” Varing concluded.

There is no set completion date for the townhouse development on 264 Street.

 

Just Posted

SURVIVOR: time and time again

Langleys Lou Lessard describes himself as a ‘normal guy’ whose faced some challenges in his life

LETTER: Langley B and B owner critical of tourism agency support

A local business owner said he receives more support from Airbnb and Expedia.

Byram signs three-year-contract with Avalanche

Defenceman with Langley-based Vancouver Giants inks NHL deal

UPDATE: Gunshot victim at Langley hospital was likely wounded in Surrey

Surrey Serious Crime Unit has taken over the investigation

Rich the Vegan scoots across Canada for the animals

Rich Adams is riding his push scooter across Canada to bring awareness to the dog meat trade in Asia

Canadian high school science courses behind on climate change, says UBC study

Researchers found performance on key areas varies by province and territory

UPDATE: One dead after house fire in rural Maple Ridge

Dewdney Trunk Road closed, traffic being re-routed

Six inducted into BC Hockey Hall of Fame

The 26th ceremony in Penticton welcomed powerful figures both from on and off the ice

Highway 1 closed near Revelstoke

No estimated time for opening

CRA program to help poor file taxes yields noticeable bump in people helped

Extra money allows volunteer-driven clinics to operate year-round

RCMP investigate two shootings in the Lower Mainland

Incidents happened in Surrey, with a victim being treated at Langley Memorial Hospital

Recall: Certain Pacific oysters may pose threat of paralytic shellfish poisoning

Consumers urged to either return affected packages or throw them out

Most Read