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41-43-51 Cadillac Ave Saanich, British Columbia V8Z 1T3

$7,500,000

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:29647)

Property Details

MLS® Number 965872
Property Type Multi-family
Neigbourhood Gateway
Plan Vip877

Building

Fireplace Present No
Size Exterior 1 Sqft
Type Multi-family

Land

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


Alexandrite Real Estate Ltd.
203-26 Bastion Sq
Victoria, British Columbia V8W 1H9

(250) 361-1939

Alexandrite Real Estate Ltd.
203-26 Bastion Sq
Victoria, British Columbia V8W 1H9

(250) 361-1939

Interested?

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