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CA$14,000,000
  • 3 Bedrooms
  • 2 Bathrooms
  • 4,302 m² Plot surface

Description

Presenting a prime development opportunity comprising 50 thoughtfully designed townhomes with one level of underground parking. The site boasts a 1.5 FAR (Floor Area Ratio) and a total net sellable area of 68,535 square feet. Having successfully passed third reading, the site is fully development permit-ready. While all necessary servicing agreements have been negotiated, they await final execution. This offering also includes the potential for a higher-density development, with the ability to achieve a 2.5 FAR by incorporating rental housing or a care home facility. With a short lead time required to launch sales and commence construction, this site represents a rare and highly attractive opportunity for developers.

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Engel & Völkers

Your advisor: Jeremy Kalenuik - PREC

Property ID: AM-5060407

Property details

Property type

House

Bedrooms

3

Bathrooms

2

Plot surface

4,302 m²

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Engel & Völkers Ocean Park

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