Attention DEVELOPERS!! Very rare opportunity to purchase 2.01 acres of ideally located re-development land. 87 unit apartment building built in 1977 with a site coverage ratio of 26%. The apartment consists of 11 one bed, 6 studio, 3 three bed, 1 two bed + Den and 66 two bed units. The subject property is designated as part of a Centre under Saanich’s OCP 2024. The District of Saanich OCP supports the following building types and land uses in Major and Neighborhood “Centers”: Mixed-Use, Residential, Commercial, Recreation, Institutional/Mixed Institutional, Light Industrial, Recreation, Park, Public Utility. Up to 18-storeys considered where a Centre is located along two Primary Corridors as per policy 7.3.24 including McKenzie-Quadra. Building forms: High-rise buildings (select locations), Mid-rise buildings, Low-rise buildings, Townhouses, including stacked and row house forms. Buyer to verify the potential land use with Saanich prior to writing an offer. Financials only provided as a condition of an accepted offer. (id:47421)
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Detailed Information
Listing Contract Date
2024-02-21
Municipal ID
000-579-742
Ownership Type
Freehold
Plan
VIP30010
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
RA-3
Zoning
Unknown
Building
Size (Exterior)
86723 square feet
Type
Multi-Family
Land
Total Size
2.01 acres
Acreage
Yes
Size of Irregular Land
2.01
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