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.
Data was last updated November 24, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,199,000
Min list price:
$100,000
Max list price:
$7,500,000
Avg days on market:
109
Min days on market:
18
Max days on market:
426
These statistics are generated based on the current listing's property type
and located in
Saanich West. Average values are
derived using median calculations.
