Commercial Land for sale
5759 Teredo Street, Sechelt District, Sechelt
$5,300,000
Features
Lot Size
74,052 sqft
Gross Property Tax
$64,190.13 /year
Zoning
C4
Subject Property Width
659 ft
Subject Property Depth
109 ft
Bylaws Restriction
Call Listing Agent
Water Supply
Public, City Water at Lot Line
Sewer/Septic
Public Sewer, Sanitary Sewer, Storm Sewer
Description
COURT ORDERED SALE. Rare 1.7-acre prime development site in the Heart of Sechelt. Zoned C4 (Downtown Centre), this high exposure parcel offers unparalleled flexibility for institutional scale projects. Under OCP Bylaw 492-35, capitalize on a 2.4-2.8 FSR and 6 storey height allowance for diverse uses including Luxury Multi-family Condos, Mixed-Use Residential, a Boutique Hotel, or a 240-unit Seniors’ Campus of Care. Strategically located within the primary commercial core, this site qualifies for the Secured Rental Incentive and CMHC MLI Select ,Gold Tier financing (95% LTC, 50-yr amortization). Efficient podium-style parking potential minimizes excavation. SHAPE THE FUTURE OF SECHELT. This isn't just a plot of land...it's the next chapter in downtown Sechelt's story. Don't miss the opportunity to develop a landmark project just steps from the beautiful shoreline of Trail Bay with front-row access to all major amenities. A "Gold" walk-score.
MLS® Number C8077283