Land Assembly › Recently Sold

What is Land Assembly? A land assembly refers to the joining of adjacent lots to make a larger parcel.

Why is Land Assembly gaining popularity? Due to the steady decrease in the availability of developable land in Metro Vancouver, many municipalities and developers are looking to redevelop and increase density in what traditionally were single family home communities.

Where is Land Assembly happening? The frequency of land assemblies is most common along major transportation corridors. Sometimes, adjacent property owners decide to market the sale of their properties all together and other times a developer may initiate the process by approaching a group of owners to purchase all their properties.

How does Land Assembly benefit owners? By selling a property as part of a land assembly, owners are able to demand a higher purchase price since their individual property is worth more to a developer when combined with adjacent properties.

With all land assemblies, consideration needs to be given to the following items: Intention of all owners in the land assembly to sell; whether all properties in the land assembly will be treated equaly, or if there are special characteristics of some properties that warrant special treatment, such as a corner lot; Formula to determine purchase price of each lot and; the Official Community Plan for the areas.

Land assemblies vary from traditional property sales, in that they are dependent on all (or most) of the properties in the assembly enter into binding contracts. Furthermore, the timelines for land assemblies are often much longer, from the time of signing a contract to removal of subject conditions to the completion date, can be several months and even years.

Due to this longer timeline, there are commonly deposits given throughout the process. Consideration must be given to the amount of time a property is tied up by the contract before the subject conditions are removed, since there is no guarantee the transfer will complete until subjects are removed.

Steps to a Land Assembly

  1. LISTING your property for sale

  2. MARKETING your property to potential Developers

  3. OFFER NEGOTIATION (1-2 week) presentation to acceptance

  4. ASSEMBLY CONDITIONS (2-3 months) assembling neighbouring properties

  5. FEASIBILITY CONDITIONS (2-3 months) Plan Submission, Level 1 Environmental, Soil Tests, Arborist Study, etc.

  6. SUBJECT REMOVAL and DEPOSIT put in place

  7. COMPLETION and POSSESSION: (6-12 months)

Recently Sold Listing 63 - 7400 Minoru Boulevard, Richmond, BC

R2213503 - 63 - 7400 Minoru Boulevard, Richmond, BC, CANADAI have just recently sold this listing at 63 - 7400 Minoru Boulevard, Richmond.

Recently Sold Listing 214 6828 ECKERSLEY ROAD, Richmond, BC

R2198056 - 214 6828 ECKERSLEY ROAD, Richmond, BC, CANADAI have just recently sold this listing at 214 6828 ECKERSLEY ROAD, Richmond.

Recently Sold Listing 113 - 1777 W 13th Avenue, Vancouver, BC

R2173654 - 113 - 1777 W 13th Avenue, Vancouver, BC, CANADAI have just recently sold this listing at 113 - 1777 W 13th Avenue, Vancouver.

Recently Sold Listing 441 - 5880 Dover Crescent, Richmond, BC

R2129889 - 441 - 5880 Dover Crescent, Richmond, BC, CANADAI have just recently sold this listing at 441 - 5880 Dover Crescent, Richmond.

Recently Sold Listing 106 - 7500 Minoru Boulevard, Richmond, BC

R2105714 - 106 - 7500 Minoru Boulevard, Richmond, BC, CANADAI have just recently sold this listing at 106 - 7500 Minoru Boulevard, Richmond.

Recently Sold Listing 26 - 7300 Ledway Road, Richmond, BC

R2090368 - 26 - 7300 Ledway Road, Richmond, BC, CANADAI have just recently sold this listing at 26 - 7300 Ledway Road, Richmond.

Recently Sold Listing 8672 SW Marine Drive, Vancouver, BC

R2075621 - 8672 SW Marine Drive, Vancouver, BC, CANADAI have just recently sold this listing at 8672 SW Marine Drive, Vancouver.

Recently Sold Listing 305 172A STREET, Surrey, BC

R2070759 - 305 172A STREET, Surrey, BC, CANADAI have just recently sold this listing at 305 172A STREET, Surrey.

Recently Sold Listing 2226 Portside Court, Vancouver, BC

R2056987 - 2226 Portside Court, Vancouver, BC, CANADAI have just recently sold this listing at 2226 Portside Court, Vancouver.

Recently Sold Listing 106 - 7500 Minoru Boulevard, Richmond, BC

R2008537 - 106 - 7500 Minoru Boulevard, Richmond, BC, CANADAI have just recently sold this listing at 106 - 7500 Minoru Boulevard, Richmond.

Recently Sold Listing 6 - 9080 Parksville Drive, Richmond, BC

R2051049 - 6 - 9080 Parksville Drive, Richmond, BC, CANADAI have just recently sold this listing at 6 - 9080 Parksville Drive, Richmond.

Recently Sold Listing 302 - 8860 No. 1 Road, Richmond, BC

R2030107 - 302 - 8860 No. 1 Road, Richmond, BC, CANADAI have just recently sold this listing at 302 - 8860 No. 1 Road, Richmond.

Recently Sold Listing 204 - 8860 No 1 Road, Richmond, BC

R2035328 - 204 - 8860 No 1 Road, Richmond, BC, CANADAI have just recently sold this listing at 204 - 8860 No 1 Road, Richmond.

Recently Sold Listing 3011 Blundell Road, Richmond, BC

R2025891 - 3011 Blundell Road, Richmond, BC, CANADAI have just recently sold this listing at 3011 Blundell Road, Richmond.

Recently Sold Listing 11300 Merchantman Place, Richmond, BC

R2028278 - 11300 Merchantman Place, Richmond, BC, CANADAI have just recently sold this listing at 11300 Merchantman Place, Richmond.

Recently Sold Listing 19598 72 Avenue, Surrey, BC

R2026742 - 19598 72 Avenue, Surrey, BC, CANADAI have just recently sold this listing at 19598 72 Avenue, Surrey.

Recently Sold Listing 63 - 7400 Minoru Boulevard, Richmond, BC

R2016188 - 63 - 7400 Minoru Boulevard, Richmond, BC, CANADAI have just recently sold this listing at 63 - 7400 Minoru Boulevard, Richmond.

Recently Sold Listing 206 - 4111 Francis Road, Richmond, BC

R2012298 - 206 - 4111 Francis Road, Richmond, BC, CANADAI have just recently sold this listing at 206 - 4111 Francis Road, Richmond.

Recently Sold Listing 216 - 8040 Colonial Drive, Richmond, BC

R2016784 - 216 - 8040 Colonial Drive, Richmond, BC, CANADAI have just recently sold this listing at 216 - 8040 Colonial Drive, Richmond.

Recently Sold Listing 410 5700 ANDREWS ROAD, Richmond, BC

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Recently Sold Listing 24 - 6588 Barnard Drive, Richmond, BC

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Recently Sold Listing # 103 9320 PARKSVILLE DR, Richmond, British Columbia

V1127672 - # 103 9320 PARKSVILLE DR, Richmond, British Columbia, CANADAI have just recently sold this listing at # 103 9320 PARKSVILLE DR, Richmond.

Recently Sold Listing 113 - 4111 Francis Road, Richmond, British Columbia

V1114749 - 113 - 4111 Francis Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 113 - 4111 Francis Road, Richmond.

Recently Sold Listing 44 - 5531 Cornwall Drive, Richmond, British Columbia

V1112965 - 44 - 5531 Cornwall Drive, Richmond, British Columbia, CANADAI have just recently sold this listing at 44 - 5531 Cornwall Drive, Richmond.

Recently Sold Listing 213 - 8870 Citation Drive, Richmond, British Columbia

V1106836 - 213 - 8870 Citation Drive, Richmond, British Columbia, CANADAI have just recently sold this listing at 213 - 8870 Citation Drive, Richmond.

Recently Sold Listing 9097 STEVESTON HY, Richmond, British Columbia

V1113417 - 9097 STEVESTON HY, Richmond, British Columbia, CANADAI have just recently sold this listing at 9097 STEVESTON HY, Richmond.

Recently Sold Listing 202 - 8720 No. 1 Road, Richmond, British Columbia

V1097812 - 202 - 8720 No. 1 Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 202 - 8720 No. 1 Road, Richmond.

Recently Sold Listing 113 - 8120 Jones Road, Richmond, British Columbia

V1096516 - 113 - 8120 Jones Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 113 - 8120 Jones Road, Richmond.

Recently Sold Listing # 441 5880 DOVER CR, Richmond, British Columbia

V1088447 - # 441 5880 DOVER CR, Richmond, British Columbia, CANADAI have just recently sold this listing at # 441 5880 DOVER CR, Richmond.

Recently Sold Listing 209 - 6893 Prenter Street, Burnaby, British Columbia

V1094124 - 209 - 6893 Prenter Street, Burnaby, British Columbia, CANADAI have just recently sold this listing at 209 - 6893 Prenter Street, Burnaby.

Recently Sold Listing 219 - 1202 London Street, New Westminster, British Columbia

V1092920 - 219 - 1202 London Street, New Westminster, British Columbia, CANADAI have just recently sold this listing at 219 - 1202 London Street, New Westminster.

Recently Sold Listing 8 - 7640 Gilbert Road, Richmond, British Columbia

V1087463 - 8 - 7640 Gilbert Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 8 - 7640 Gilbert Road, Richmond.

Recently Sold Listing # 208 9202 HORNE ST, Burnaby, British Columbia

V1055477 - # 208 9202 HORNE ST, Burnaby, British Columbia, CANADAI have just recently sold this listing at # 208 9202 HORNE ST, Burnaby.

Recently Sold Listing 302 - 2370 W 2nd Ave, Vancouver, British Columbia

V1067592 - 302 - 2370 W 2nd Ave, Vancouver, British Columbia, CANADAI have just recently sold this listing at 302 - 2370 W 2nd Ave, Vancouver.

Recently Sold Listing 10220 Springmont Drive, Richmond, British Columbia

V1083818 - 10220 Springmont Drive, Richmond, British Columbia, CANADAI have just recently sold this listing at 10220 Springmont Drive, Richmond.

Recently Sold Listing 209 - 6893 Prenter Street, Burnaby, British Columbia

V1086201 - 209 - 6893 Prenter Street, Burnaby, British Columbia, CANADAI have just recently sold this listing at 209 - 6893 Prenter Street, Burnaby.

Recently Sold Listing # 105 8775 CARTIER ST, Vancouver, British Columbia

V1076212 - # 105 8775 CARTIER ST, Vancouver, British Columbia, CANADAI have just recently sold this listing at # 105 8775 CARTIER ST, Vancouver.

Recently Sold Listing 206 - 8880 No 1 Road, Richmond, British Columbia

V1067531 - 206 - 8880 No 1 Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 206 - 8880 No 1 Road, Richmond.

Recently Sold Listing 305 - 8860 No 1 Road, Richmond, British Columbia

V1057450 - 305 - 8860 No 1 Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 305 - 8860 No 1 Road, Richmond.

Recently Sold Listing 8 - 7640 Gilbert Road, Richmond, British Columbia

V1070231 - 8 - 7640 Gilbert Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 8 - 7640 Gilbert Road, Richmond.

Recently Sold Listing 314 - 8860 No 1 Road, Richmond, British Columbia

V1062345 - 314 - 8860 No 1 Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 314 - 8860 No 1 Road, Richmond.

Recently Sold Listing 207 - 8840 No 1 Road, Richmond, British Columbia

V1043569 - 207 - 8840 No 1 Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 207 - 8840 No 1 Road, Richmond.

Recently Sold Listing # 207 8840 NO 1 RD, Richmond, British Columbia

V1021252 - # 207 8840 NO 1 RD, Richmond, British Columbia, CANADAI have just recently sold this listing at # 207 8840 NO 1 RD, Richmond.

Recently Sold Listing # 203 214 ELEVENTH ST, New Westminster, British Columbia

V1033838 - # 203 214 ELEVENTH ST, New Westminster, British Columbia, CANADAI have just recently sold this listing at # 203 214 ELEVENTH ST, New Westminster.

Recently Sold Listing 4224 PETERSON DR, Richmond, British Columbia

V1018674 - 4224 PETERSON DR, Richmond, British Columbia, CANADAI have just recently sold this listing at 4224 PETERSON DR, Richmond.

Recently Sold Listing 5066 59TH ST, Ladner, British Columbia

V1012656 - 5066 59TH ST, Ladner, British Columbia, CANADAI have just recently sold this listing at 5066 59TH ST, Ladner.

Recently Sold Listing 11 - 9080 Parksville Drive, Richmond, British Columbia

V1018963 - 11 - 9080 Parksville Drive, Richmond, British Columbia, CANADAI have just recently sold this listing at 11 - 9080 Parksville Drive, Richmond.

Recently Sold Listing 115 - 8880 No 1 Road, Richmond, British Columbia

V1015104 - 115 - 8880 No 1 Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 115 - 8880 No 1 Road, Richmond.

Recently Sold Listing 11 - 9080 Parksville Drive, Richmond, British Columbia

V988878 - 11 - 9080 Parksville Drive, Richmond, British Columbia, CANADAI have just recently sold this listing at 11 - 9080 Parksville Drive, Richmond.

Recently Sold Listing 71 - 5531 Cornwall Drive, Richmond, BC

V979518 - 71 - 5531 Cornwall Drive, Richmond, British Columbia, CANADAI have just recently sold this listing at 71 - 5531 Cornwall Drive, Richmond.

Recently Sold Listing # 301 1649 COMOX ST, Vancouver, BC

V938483 - # 301 1649 COMOX ST, Vancouver, British Columbia, CANADAI have just recently sold this listing at # 301 1649 COMOX ST, Vancouver.

Recently Sold Listing # 502 7371 WESTMINSTER HY, Richmond, BC

V919774 - # 502 7371 WESTMINSTER HY, Richmond, British Columbia, CANADAI have just recently sold this listing at # 502 7371 WESTMINSTER HY, Richmond.

Recently Sold Listing 11300 MERCHANTMAN PL, Richmond, BC

V923189 - 11300 MERCHANTMAN PL, Richmond, British Columbia, CANADAI have just recently sold this listing at 11300 MERCHANTMAN PL, Richmond.

Recently Sold Listing # 223 1202 LONDON ST, New Westminster, BC

V918566 - # 223 1202 LONDON ST, New Westminster, British Columbia, CANADAI have just recently sold this listing at # 223 1202 LONDON ST, New Westminster.

Recently Sold Listing 12328 IMPERIAL DR, Richmond, BC

V873028 - 12328 IMPERIAL DR, Richmond, British Columbia, CANADAI have just recently sold this listing at 12328 IMPERIAL DR, Richmond.

Recently Sold Listing 9271 GORMOND RD, Richmond, BC

V925857 - 9271 Gormond Road, Richmond, British Columbia, CANADAI have just recently sold this listing at 9271 Gormond Road, Richmond.

Recently Sold Listing # 72 5531 CORNWALL DR, Richmond, BC

V866564 - # 72 5531 CORNWALL DR, Richmond, British Columbia, CANADAI have just recently sold this listing at # 72 5531 CORNWALL DR, Richmond.

Recently Sold Listing # 52 5531 CORNWALL DR, Richmond, BC

V867788 - # 52 5531 CORNWALL DR, Richmond, British Columbia, CANADAI have just recently sold this listing at # 52 5531 CORNWALL DR, Richmond.