41-43-51 Cadillac Ave Active Save Request In-Person Tour Request Virtual Tour
Saanich,BC V8Z1T3
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Gateway
MLS Listing ID 965872
Originating Board Victoria Real Estate Board
Lot Size 0.386 Acres
Acres 16800.0
Property Description
Incredible multi-family development opportunity. This site is in immediate proximity to the Uptown Transit Hub - under new BC Transit Oriented Development Legislation, site permits a minimum FSR or 3.5 and minimum height of 10 stories. Saanich OCP Uptown Core designation suggests 12-18 stories with potentially up to 24. Excellent holding income from a variety of tenants. Under the Provincial TOD legislation, the municipality is not permitted to require any off-street parking (other than for disabled) - dramatically impacting development costs. Excellent candidate for CMHC MLI construction financing. Immediate access to TCH, Hwy 17, Uptown Mall, Galloping Goose. (id:24570)
Location
Province BC
Zoning Unknown
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Others
Ownership Freehold