41-43-51 Cadillac Ave

Multi Family For Sale in SW Gateway, Saanich West

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.
Address 41-43-51 Cadillac Ave
List Price $7,500,000
Property Type Commercial Sale
Type of Dwelling Multi Family
Area Saanich West
Sub-Area SW Gateway
Lot Size 16800 Sq. Ft.
MLS® Number 965872
Listing Brokerage Alexandrite Real Estate Ltd.
Postal Code V8Z 1T3
Tax Amount $15,664
Tax Year 2023

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Nick Wise PREC

203-26 Bastion Sq Victoria BC, Canada V8W 1H9

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