10862 Chemainus Rd Saltair, British Columbia V9G 2A4

1640 sqft
See Remarks Heat Pump Acreage


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 sites 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. (id:36938)



Property Details

MLS® Number 841419
Property Type Other
Neigbourhood Saltair
Features Curb & Gutter, Level Lot, Park Setting, Partially Cleared, Other


Constructed Date 2018
Cooling Type See Remarks
Fireplace Present No
Heating Type Heat Pump
Size Interior 1640 Sqft
Type Commercial Mix


Acreage Yes
Size Irregular 1.56
Size Total 1.56 Ac
Size Total Text 1.56 Ac
Zoning Description C-2a
Zoning Type Commercial



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