4026 Quadra St, Saanich, BC V9X 4E3

$33,000,000

Courtesy of Fair Realty

List Price
$33,000,000
Status
ACTIVE
MLS® #
954096
Property Type
Commercial
Acres
2.01
Lot Size
87,555
District
Saanich
Neighbourhood
Se Lake Hill

Property Description

Attention DEVELOPERS!! Very rare opportunity to purchase 2.01 acres of ideally located re-development land. Current use is a near 100% rented 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 Neighborhood Centre under Saanich’s OCP. The District of Saanich OCP supports the following building types and land uses in Major and Neighborhood “Centers”: High Rise (up to 18 storeys) Townhouse (up to 3 storeys), Low-rise residential (up to 4 storeys), Mid-rise residential (up to 8 storeys), Live/work studios & Office (up to 8 storeys), Civic and institutional (generally up to 8 storeys) and Commercial and Mixed-Use (generally up to 8 storeys). Buyer to verify the potential land use with Saanich prior to writing an offer. Financials only provided as a condition of an accepted offer.

Additional Information

Parking Type
On Site
Taxes
$123,533
Rentals Allowed
Unrestricted

Mortgage Calculator

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Calculator source: Real Geeks

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