Saanich Luxury Real Estate For Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 965872
- Photos (18)
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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.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- SW Gateway, Saanich West
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 16,800 sq. ft.
- Lot Details:
- 150
- Taxes:
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- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- District of Saanich (SD61)
- Legal Description:
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- Parking Features:
- On Site
- Total Units:
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- Date Listed:
- May 24, 2024
- Original Price:
- 7.5E7
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Listed by Alexandrite Real Estate Ltd.
Data was last updated November 17, 2024 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $1,199,000
- Min list price:
- $100,000
- Max list price:
- $7,500,000
- Avg days on market:
- 102
- Min days on market:
- 11
- Max days on market:
- 419
These statistics are generated based on the current listing's property type
and located in
Saanich West. Average values are
derived using median calculations.
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email