DEVELOPERS - AN INCREDIBLE OPPORTUNITY TO DEVELOP THREE LOTS INTO A MULTI-UNIT HIGH DENSITY RESIDENTIAL PROJECT in SALMON ARM in a fantastic location; the heart of the city, virtually walking distance to all amenities, parks, shopping/ malls, sports venues, dining, daycare centers and downtown core, medical care, clinics, Shuswap hospital, family services, extending living. Bus stop across the street. The sellers are consolidating the 3 lots into one titled property, smaller home is slated for demolition (610) and have done extensive due diligence in regards to development, and a rezoning application with City of SA for R5 High density in process. With the provision of amenities specified in the R5 Zone, this density can be increased to 52.6 units per acre. Also, the city of SA is updating the OCP to be considered in early 2025 & the number of residential units could increase by a potential 30-50%. As well, the seller has engaged McElhanney a local engineering firm and are providing conceptual drawings. See property specs and detailed description in supplements and direct link to the listing. Walkability score = 79 Salmon Arm is #1 2019 best city in BC to live in. This is a prime opportunity for developers to capitalize on the ongoing growing demand for residential housing, along with the optimum location make this an excellent investment. https://carylentzinvestmentproperty.ca/ MLS #10325654 (id:4069)
Address
560, 580, 610 Shuswap Street SE
List Price
$2,665,900
Property Type
Vacant Land
Type of Dwelling
Other
Area
British Columbia
Sub-Area
Salmon Arm
Lot Size
0.95 Sq. Ft.
MLS® Number
10326127
Listing Brokerage
Century 21 Assurance Realty Ltd.
Postal Code
V1E2B9
Site Influences
Public Transit, Park, Recreation, Shopping
Features
Level lot
