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41-43-51 Cadillac Ave
SW Gateway Saanich V8Z 1T3

$7,500,000
Commercial Sale

Main Photo: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 1: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 2: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 3: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 4: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 5: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 6: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 7: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 8: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 9: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
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Photo 12: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Photo 13: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
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Photo 16: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
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Photo 18: 41-43-51 Cadillac Ave in Saanich: SW Gateway Multi Family for sale (Saanich West) : MLS®# 965872
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
965872
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.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Listing General Location:
SW Gateway, Saanich West
Bathrooms:
- (Full:-/Half:-)
Lot Size:
16,800 sq. ft.
Lot Details:
150
Total Building Area:
1 sq. ft.
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
District of Saanich (SD61)
Occupancy:
Tenant
Parking Features:
On Site
Date Listed:
May 24, 2024
Original Price:
7.5E7
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Listed by Alexandrite Real Estate Ltd.
Data was last updated November 21, 2024 at 08:05 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:
106
Min days on market:
15
Max days on market:
423
These statistics are generated based on the current listing's property type and located in Saanich West. Average values are derived using median calculations.
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
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