$ 7,500,000
41-43-51 Cadillac Ave Saanich, BC V8Z1T3
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$ 7,500,000
Est. payment | /mo
0.39 Acres Lot
$ 7,500,000
Est. payment | /mo
0.39 Acres Lot
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
Listed by Alexandrite Real Estate Ltd.
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Andy Katoch
Agent | License ID: LDKATOCAN