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41-43-51 Cadillac Ave, Saanich
Saanich
Multi-family
$7,500,000
For sale
0 BEDS
0 BATHS
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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.
General Info
965872
0
16800 sqft
Listed BY: Nick Wise, Alexandrite Real Estate Ltd.
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