Multi-family for sale
1-6 715 Corlett Road, Gibsons & Area, Gibsons
$5,390,000
$5,390,000
Multi-family for sale
1-6 715 Corlett Road, Gibsons & Area, Gibsons
Features
Year Built
1972
Floor Area
7,200 sqft
Lot Size
41,595 sqft
Gross Property Tax
$16,240 /year
Building Type
Condo Strata Complex, Low Rise (2-4 storeys)
Zoning
RM1&2
# of Parking Spaces
6+
Subject Property Width
131 ft
Subject Property Depth
423 ft
Suite Mix Information
6 x 3 ½, 6 x Other
Total no. of Units
6
Description
Opportunity to acquire a fully tenanted, income-generating property with an approved development permit for the southern portion. The northern portion consists of six updated, 3-bedroom, 2-bathroom, two-level townhomes, some with ocean views. Enjoy steady rental income while developing the southern portion, which has approval for a 33-unit, three-story residential building over a concrete parking garage, with many units offering ocean views. The Township is currently reviewing and amending its Official Community Plan. There is potential for rezoning the northern portion to allow for increased density and redevelopment opportunities.
MLS® Number C8063641