$2,665,900
560, 580, 610 Shuswap Street SE Salmon Arm, BC V1E2B9
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$2,665,900
Est. payment /mo
0.95 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Se Salmon Arm
MLS® Listing ID 10326127
Originating Board Association of Interior REALTORS�
Lot Size 0.950 Acres
Acres 41382.0
Property 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. https://carylentzinvestmentproperty.ca/ MLS #10325654 (id:24570)
Location
Province BC
Zoning Unknown
Exterior
Garage No
Community Features Family Oriented
Waterfront No
View Y/N No
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Century 21 Assurance Realty Ltd
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