41-43-51 Cadillac Avenue Saanich, BC V8Z 1T3
Listing Courtesy of:  CREA / Alexandrite Real Estate Ltd.

  41-43-51 Cadillac Avenue Saanich, BC V8Z 1T3

Active (18 Days)
$7,500,000

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:41440)

MLS®:
965872
Lot Size
0.39 acres
Type
Multifamily
County
Capital

Listed By

Nick Wise, Alexandrite Real Estate Ltd.
Source
CREA
Last checked Jun 18 2024 at 11:29 AM GMT+0000
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 6/18/24 04:29