Don Rae Realtor


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  • 560, 580, 610 Shuswap Street SE Salmon Arm V1E2B9

    Price : $2,665,900 Listing ID : 10326127
    Bedrooms Bathrooms
    Property Type : Vacant Land Building Type : Other
    Title : Freehold Finished Area : -
    Built in : - Total Parking Spaces : -
    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. https://carylentzinvestmentproperty.ca/ MLS #10325654 (id:56537)

    Call (250)-864-7337 for showing information.
    Details
    Amenities Nearby : Public Transit, Park, Recreation, Shopping Access : Easy access Appliances Inc : -
    Community Features : Family Oriented Features : Level lot Structures : -
    Total Parking Spaces : - View : - Waterfront : -
    Zoning Type : Unknown
    Building
    Architecture Style : - Bathrooms (Partial) : - Cooling : -
    Fire Protection : - Fireplace Fuel : - Fireplace Type : -
    Floor Space : - Flooring : - Foundation Type : -
    Heating Fuel : - Heating Type : - Roof Style : -
    Roofing Material : - Sewer : Municipal sewage system Utility Water : Government Managed
    Basement
    Type : - Development : - Features : -
    Land
    Landscape Features : Level
    Rooms
    Level : Type : Dimensions :
    - - -
    Data from sources believed reliable but should not be relied upon without verification. All measurements are approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently under contract.