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560, 580, 610 Shuswap Street SE
$2,665,900 Sale
Listed 169 days ago
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Key Facts
Key facts for 560, 580, 610 Shuswap Street SE
Property Type
Commercial, Residential Commercial Mix
Parking
Garage: No, 0 parking
MLS #
10325654
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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Description
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. Also see MLS 10326127 https://carylentzinvestmentproperty.ca/ INFRASTRUCTURE INFO - SEE CITY OF SALMON ARM ONLINE MAPPING (id:10452)
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Listing courtesy of: Century 21 Assurance Realty Ltd.
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