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Home BC Greater Victoria Saanich Saanich Core
41-43-51 Cadillac Ave
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41-43-51 Cadillac Ave $7,500,000
$7,500,000
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41-43-51 Cadillac Ave
Saanich, British Columbia V8Z1T3

MLS® Number: 965872

Listing Description

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. (27940556)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
Gateway
Title
Freehold
Land Size
16800 sqft
Annual Property Taxes
$15,664.24
Time on REALTOR.ca
173 days

Building

Building Features
Total Units
4

Measurements

Exterior Building Size
1 sqft

Land

Other Property Information
Zoning Type
Unknown
Data provided by: Victoria Real Estate Board 3035 Nanaimo Street, Victoria, British Columbia V8T 4W2

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