41-43-51 Cadillac Ave Saanich, British Columbia V8Z 1T3
$7,500,000
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:49542)
Property Details
| MLS® Number | 965872 |
| Property Type | Multi-family |
| Neigbourhood | Gateway |
| Plan | Vip877 |
Building
| Size Exterior | 1 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Irregular | 16800 |
| Size Total | 16800 Sqft |
| Size Total Text | 16800 Sqft |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/26974684/41-43-51-cadillac-ave-saanich-gateway
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June 01 2024 04:26:30
Victoria Real Estate Board