Attention DEVELOPERS!! Very rare opportunity to purchase 2.01 acres of ideally located re-development land. 87 unit apartment building built in 1977 with a site coverage ratio of 26%. The apartment consists of 11 one bed, 6 studio, 3 three bed, 1 two bed + Den and 66 two bed units. The subject property is designated as part of a Centre under Saanich’s OCP 2024. The District of Saanich OCP supports the following building types and land uses in Major and Neighborhood “Centers”: Mixed-Use, Residential, Commercial, Recreation, Institutional/Mixed Institutional, Light Industrial, Recreation, Park, Public Utility. Up to 18-storeys considered where a Centre is located along two Primary Corridors as per policy 7.3.24 including McKenzie-Quadra. Building forms: High-rise buildings (select locations), Mid-rise buildings, Low-rise buildings, Townhouses, including stacked and row house forms. Buyer to verify the potential land use with Saanich prior to writing an offer. Financials only provided as a condition of an accepted offer.
Address |
4026 Quadra St |
List Price |
$33,000,000 |
Property Type |
Commercial Sale |
Type of Dwelling |
Multi Family |
Area |
Saanich East |
Sub-Area |
SE Lake Hill |
Lot Size |
87555.6 Sq. Ft. |
MLS® Number |
954096 |
Listing Brokerage |
Fair Realty
|
Postal Code |
V9X 4E3 |
Tax Amount |
$123,534 |
Tax Year |
2023 |