Attention DEVELOPERS!! Very rare opportunity to purchase 2.01 acres of ideally located re-development land. 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 Centre under Saanich???s OCP 2024. The District of Saanich OCP supports the following building types and land uses in Major and Neighborhood ???Centers???: Mixed-Use, Residential, Commercial, Recreation, Institutional/Mixed Institutional, Light Industrial, Recreation, Park, Public Utility. Up to 18-storeys considered where a Centre is located along two Primary Corridors as per policy 7.3.24 including McKenzie-Quadra. Building forms: High-rise buildings (select locations), Mid-rise buildings, Low-rise buildings, Townhouses, including stacked and row house forms. Buyer to verify the potential land use with Saanich prior to writing an offer. Financials only provided as a condition of an accepted offer.
