41-43-51 Cadillac Ave Active Save Request In-Person Tour Request Virtual Tour
Saanich,BC V8Z1T3
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Gateway
MLS Listing ID 965872
Lot Size 0.386 Acres
Property 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. (id:24570)
Location
Province BC
Zoning Unknown
Exterior
Garage No
Waterfront No
View Y/N No