$ 7,500,000
41-43-51 Cadillac Ave Saanich, BC V8Z 1T3
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 7,500,000
Est. payment /mo
Active
41-43-51 Cadillac Ave Saanich, BC V8Z 1T3
0.39 Acres Lot
UPDATED:
06/01/2024 03:54 AM
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
Listed by Alexandrite Real Estate Ltd.