10862 CHEMAINUS SALTAIR

neighbourhood of Other British Columbia Canada V9G 2A4
$749,000

10862 CHEMAINUS SALTAIR

  • Price: $749,000
  • MLS Number: 469898
  • Square Footage: 1640 Sq Ft
  • Property Type: Residential

Stocking Creek Village is an exciting development opportunity supported by positive demographics, new business realities, existing tenancies and an optional implementation-ready expansion plan. This 1.4-acre investment/development parcel has one finished and leased building and a second building (approximately 1,600 sq. ft.) that is approved and designed with the foundation installed. The existing phased Development Permit allows these two large buildings and the option to build 14 small buildings if a developer/builder elects to proceed with the optional phases. The site’s C-2A zoning permits multiple commercial uses. The $749,000 asking price compares favourably to the $870,000 value from a June 2020 independent appraisal. Forecast development profits are generous and are not reflected in the appraised value. For a purchase price of $995,000, the Vendor will complete the second large building at its expense.

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Listing Brokerage: Coldwell Banker Oceanside Real Estate

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