Prime Development Opportunity with Home and Garage/Shop in Central Revelstoke! On 0.49 acres, this property offers over 1,400 sq. ft. of comfortable living space featuring 2 bdrms, 2 baths, covered carport, Shop/Garage. Ideally located across from Southside Market and close to downtown amenities, this site offers exceptional potential for redevelopment or investment. The property can be purchased on its own or purchase adjoining land at 413 Edward Street, ( Separately listed & owned) creating the potential combined 1.10-acre lot assembly in a prime multifamily development area. Fronting Edward Street, just steps from Fourth Street East, the site offers convenient access to local transit, including the Revelstoke Mountain Shuttle, and is close to schools, shops, and recreation. The gently south-sloping land provides excellent view potential and is located beside an approved apartment development, reinforcing the area’s transition toward higher-density housing. The Official Community Plan designates the site as Medium Density Residential, supporting potential rezoning to R-MD1 (Townhouse, FAR 1.4) or R-MD2 / R-MD3 (Apartment and/or Townhouse, FAR 2.3). The City’s new modernized Zoning Bylaw (April 2025) that better aligns with current market conditions and typical development patterns, combined with recent provincial changes that remove the need for a public hearing for OCP-consistent rezonings, provides for streamlined approvals and greater clarity and certainty for future projects. Overall, the property offers a well-located, policy-supported opportunity for multifamily development or investment in Revelstoke, with the potential of lot assembly to further enhance development potential. Direct link to the current OCP: https://revelstoke.civicweb.net/filepro/documents/?preview=198773 (see Section 4.6.2, page 66). (id:56537)
Call (250)-864-7337 for showing information. |
