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41 43 51 Cadillac Ave
Saanich, BC
$7,500,000
Townhome │
— PSF
Est. Mortgage Payment
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MLS
®
965872
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:56120)
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Property Details
| Property Type | Multi-family |
|---|
| Lot Area | 16,800 square feet |
| Listed By | Alexandrite Real Estate Ltd. |
| Region | Gateway |
| Building Area | 1.0 square feet |
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