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. (id:47423)
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Detailed Information
Amenities Nearby
Public Transit, Park, Recreation, Shopping
Community Features
Family Oriented
Features
Level lot
Listing Contract Date
2024-10-07
Municipal ID
010-573-909
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Zoning
Unknown
Building
Type
Residential Commercial Mix
Utility Water
Government Managed
Utilities
Type
Description
Cable
At Lot Line
Electricity
At Lot Line
Natural Gas
At Lot Line
Land
Total Size
under 1 acre
Access Type
Easy access
Amenities
Public Transit, Park, Recreation, Shopping
Current Use
Mixed use
Landscape Features
Level
Sewer
Municipal sewage system
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