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:57150)
MLS® Number | 965872 |
Property Type | Multi-family |
Neigbourhood | Gateway |
Plan | Vip877 |
Size Exterior | 1 Sqft |
Type | Multi-family |
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
Contact us for more information
Nick Wise
Personal Real Estate Corporation
(250) 361-1939
Michael Colwill
Personal Real Estate Corporation
(250) 361-1939