Active
41-43-51 Cadillac Ave
Saanich BC, V8Z 1T3
$7,500,000
$7,500,000.00 per sqft
Active
1 sqft
Commercial
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.
965872
MLSⓇ ID
June 1, 2024
Listed
October 14, 2024
Updated
Map
41-43-51 Cadillac Ave
Saanich BC, V8Z 1T3
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.39 Acres
Other Property Details
Area Name
Saanich West
Taxes
$15,664
Tax Frequency
Annually
Days on Market
7
Garage
No
Parking
On Site
View
No
County
Capital Regional District
Pool
No
Courtesy of Alexandrite Real Estate Ltd., Nick Wise
Listing Contact: 250-744-9473
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