10862 Chemainus Rd

MLS® 841419

Property Description

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.

Full Address

10862 Chemainus Rd, Saltair BC V9G 2A4

MLS® Number

841419

Listing Price

$749,000

Property Type

Mixed Use

Year Built

2018

Annual Tax Amount

$7,744

Lot Features

Cleared, Curb & Gutter, Level, Landscaped, Park Setting, Recreation Nearby, Rural Setting, Shopping Nearby

Exterior Features

Balcony/Patio, Lighting, Sprinkler System, Storefront

Water Source

Municipal

Heating

Heat Pump

Cooling

Other

Sewer

Septic Tank, Septic System: Common

Property Location

Listing by Coldwell Banker Oceanside Real Estate

Listing information last updated: Fri Dec 04 2020 14:08:03 GMT+0000 (Coordinated Universal Time)

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Jenny Bruce Personal Real Estate Corporation

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