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  • 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872

    41-43-51 Cadillac Ave SW Gateway Saanich V8Z 1T3
    Main Photo: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872

    41-43-51 Cadillac Ave Saanich V8Z 1T3 SW Gateway

    $7,500,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    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. More details
    Listed by Alexandrite Real Estate Ltd.
    LISTING DETAILS
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Data was last updated November 21, 2024 at 08:05 AM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
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