41-43-51 Cadillac Ave Active

Saanich,BC V8Z 1T3

$ 7500000

- Bed

- Bath

0 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 965872

Rental Info Unrestricted

Annual Tax Amount $15,664

Tax Year 2023

Lot Size 0.390 Acres

Acres 0.39

Lot Dimensions 150

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.

Location

Province BC

County Capital Regional District

Area Sw Gateway

Exterior

Parking On Site 1

Others

Tax ID 000-781-258

Ownership Freehold

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