$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

New Langley City mayor’s gala dedicated to Mom

Val van den Broek partners with Mounties to raise money for women’s health care at Langley hospital

VIDEO: Gun scare at Walnut Grove Secondary school was ‘unloaded pellet gun’

Police called in after photo circulated on social media

Thief boosted cash registers in Lower Mainland crime spree

Langley, Coquitlam, Burnaby, and New West were all hit, police say

Affordable housing for Langley seniors to open by early 2021

Emmaus Place is a partnership between a local church and goverment agencies

Vigil held for Aldergrove man and friend dubbed ‘heroes’ after fatal Harrison crash

Community mourns the passing of Josh Desrosiers and Devon Bruce at Aldergrove baseball field

VIDEO: Canadian allergists’ group wants Benadryl behind the counter due to side effects

Some doctors say the medication is over-used because of its easy availability

Yelling at your dog might hurt its long-term mental health: study

Researchers find dogs trained using negative reinforcement are more ‘pessimistic’

Vancouver Island soap company releases Lucky Lager beer soap

Beer-infused olive oil soap comes out just in time for holiday shopping

Jagmeet Singh says he’ll vote against throne speech if NDP requests not met

Singh is to meet with Prime Minister Justin Trudeau on Thursday

Community uses loophole to paint 16 rainbow crosswalks after B.C. council says no

So far 11 rainbows are painted and five planned, all since council denied the first proposal in September

Workers’ camp at LNG facility in Kitimat takes shape

Extensive worker camp now being assembled

Former B.C. youth pastor guilty on one of five sexual assault allegations

Judge cites reasonable doubt in finding Cloverdale couple not guilty of majority of charges

238 and counting: Vancouver gelato shop sets Guinness World record for most flavours

Vince Misceo has come up with 588 different flavours over the decades

Most Read