Land Assembly

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)

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Lovely townhome in MINORU ESTATES. This end unit 2 bedroom is south facing and has lots of natural light and features laminate flooring, updated large functional kitchen and a private patio and yard. Spacious storage shed at entrance for bikes, bins, etc. plus plenty of storage throughout the unit. Well managed complex with low strata fees. Centrally located and walking distance to everything: Minoru Park Activity Centre, Richmond Centre, Richmond Brighouse Library, Canada line skytrain and more. Call today for a private showing.

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

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New Listing 63 - 7400 Minoru Boulevard, Richmond, BC

R2213503 - 63 - 7400 Minoru Boulevard, Richmond, BC, CANADAView my new listing for sale SOLD at 63 - 7400 Minoru Boulevard, Richmond and currently listed at $488,000.SOLD

Lovely townhome in MINORU ESTATES. This 2 bedroom west facing unit has lots of natural light and features bamboo flooring throughout, large functional kitchen, brand new kitchen cabinet fronts, updated bathroom and a private patio and yard. Spacious storage shed at entrance for bikes, bins, etc. plus plenty of storage throughout the unit. Well managed complex with low strata fees. Centrally located and walking distance to everything: Minoru Park Activity Centre, Richmond Centre, Richmond Brighouse Library, Canada line skytrain and more. Call today for a private showing. Ferris Elementary and Richmond Secondary school catchment. Open house Sat, Oct 14 from 2-4 pm and Sun, Oct 15 from 1-3 pm.

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.

New Listing 113 - 1777 W 13th Avenue, Vancouver, BC

R2173654 - 113 - 1777 W 13th Avenue, Vancouver, BC, CANADAView my new listing for sale SOLD at 113 - 1777 W 13th Avenue, Vancouver and currently listed at $548,000.SOLD

Stunning garden level 1 bedroom PLUS DEN at the Mont Charles. This EXTRA LARGE condo is fully renovated. The kitchen features stone counters, European appliances and cabinets. The fully programmable lighting system throughout the home makes these renovations above and beyond. The building has been rainscreened, has a newer roof, boiler, elevator and hallways and entrance have all been updated. Conveniently located close to South Granville shops, Fifth Avenue Cinema, Granville Island and transit. Amazing outdoor space with partly covered patio great for summer entertaining. Rentals limited and no pets. OPEN HOUSE SAT/SUN JUNE 10/11 FROM 2-4 PM.

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.

New Listing 441 - 5880 Dover Crescent, Richmond, BC

R2129889 - 441 - 5880 Dover Crescent, Richmond, BC, CANADAView my new listing for sale SOLD at 441 - 5880 Dover Crescent, Richmond and currently listed at $228,000.SOLD

Fantastic waterfront living with this top floor studio unit in desirable “Waterside”. Great use of space with open floor plan including a private flex space that fits a queen size bed. Nice balcony with river views. Updates include engineered hardwood flooring, new washer/dryer, new dishwasher, granite countertop in bathroom with undermount sink and built in closet organizers. Quiet unit due to its unique location with no one above or below and neighbours only on one side. Well run complex with a gym, courtyard, gardens, clubhouse, a brand new metal roof and some re-piping has also been done. All this… steps from the Dyke, Olympic Oval, Dover Park, buses, schools and minutes to TNT Supermarket, YVR, shopping and restaurants. Catchment schools are Blair Elem. and Burnett H.S.

New Listing 26 - 7300 Ledway Road, Richmond, BC

R2122263 - 26 - 7300 Ledway Road, Richmond, BC, CANADAView my new listing for sale at 26 - 7300 Ledway Road, Richmond and currently listed at $678,000.

Beautifully maintained Laurelwood Gardens 2 level townhome in prime West Richmond neighbourhood across from McKay Elementary and park. This large 3 bedroom and den, 1.5 bath home features an open floorplan, lots of storage, 2 parking spots (1 covered), private fenced south backyard. Updates include newer roof (2011), carport upgrade (2016) exterior paint, renovated kitchen, laminate flooring down and newer carpet up. Maintenance fees include City Utilities. Well run strata and family oriented complex close to Thompson Community Centre, Burnett Secondary, Blundell Shopping Centre, transit and quick access to Vancouver and YVR.

New Listing 6460 Swift Avenue, Richmond, BC

R2120624 - 6460 Swift Avenue, Richmond, BC, CANADAView my new listing for sale at 6460 Swift Avenue, Richmond and currently listed at $1,050,000.

Location! Location! Location! Beautifully kept 3 bedroom, 2.5 bath home in desirable Woodwards neighbourhood, next door to London Park and London High School and close to transit, recreation and shopping. Bright and airy, this home feels much larger than its sq. ft. Large kitchen and eating area overlooking the lovely south facing backyard with patio for summer entertaining. Huge master bedroom with ensuite and walk-in closet. Newer homes nearby. Live in or build your dream home.