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5610 Trail Av
1.79 Acres of Commercial Land Offered at £1,273,361 in Sechelt, BC V7Z 0H8
Investment Highlights
- Central location
- Sellable is close to $600/Sqft
- Development Permit Approved
Executive Summary
There is a covenant of 55+ and currently a DP in hand for 36 units or a buyer can amend to a rental building and double the doors to 72 with a rental covenant.
Over 50% of the population on the coast is over the age of 50!
Sellable is getting close to $600/sqft and rental rates high $2-low 3/Sqft
Property Facts
| Price | £1,273,361 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Excess Land | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 1.79 AC |
| Price | £1,273,361 |
| Sale Type | Investment |
| Sale Conditions | Excess Land |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.79 AC |
1 Lot Available
Lot
| Price | £1,273,361 | Lot Size | 1.79 AC |
| Price Per AC | £711,375 |
| Price | £1,273,361 |
| Price Per AC | £711,375 |
| Lot Size | 1.79 AC |
LOT 1 DISTRICT LOTS 304 AND 303 GROUP 1
Description
Jovi Realty presents an unique opportunity in Sechelt BC to purchase a Development Permit approved with Building Permit ready for pickup of a residential strata 3 storey building. The locals call their home the ‘Land Between Two Seas’ which is located on the desirable Sunshine Coast. In the town centre this 36 one and two bedroom units, grade level parking approved site has drawings and all the due diligence in place for a builder and or developer to have a shovel ready site. A specific buyer who is looking for more doors and a rental building, there is an opportunity to go back to the drawing board with the District of Sechelt for a 72 door rental building. This would take approximately 8 or 9 months and a 40 year covenant. See data room for more info. Geotechnical reports are 75% complete and Archaeology reports are wrapping up in the coming months. Start building later this year and complete mid 2025. All related documents are in data room and available upon an executed NDA
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5610 Trail Av
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