About This Property
Prime Multifamily Development Site in Revelstoke! Ideally located across from Southside Market and within walking distance to downtown, this 0.61-acre property offers exceptional potential for multifamily development in a highly accessible and evolving neighbourhood. Fronting Edward Street, just steps from Fourth Street East, the site provides convenient access to local transit, including the Revelstoke Mountain Shuttle, and is close to schools, shops, and recreation. The gently south-sloping land offers excellent view potential and sits directly adjacent to an approved apartment development, reinforcing the area’s transition toward higher-density housing. The Official Community Plan designates the property Medium Density Residential, supporting consideration of rezoning to R-MD1 (Townhouse, FAR 1.4) or R-MD2 / R-MD3 (Apartment and/or Townhouse, FAR 2.3). The City’s modernized Zoning Bylaw (April 2025), combined with recent provincial legislation removing public hearing requirements for OCP-consistent rezonings, provides a clearer, more streamlined, and predictable approval framework. Overall, this is a well-located, policy-supported opportunity to secure a strategically positioned multifamily site in Southside and one of Revelstoke’s most central and actively densifying residential hubs. (id:64973)
At $1,600 per square foot, this property is priced above the Revelstoke market average, likely reflecting its prime multifamily development potential. Investors seeking a sizable lot with convenient access to local amenities and transit will find this an attractive opportunity, given the site's sizeable 0.61-acre footprint and evolving neighbourhood context.
Property Details
Location
Interested in buying in Revelstoke?
Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Canadian Real Estate Association. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the FVREB, REBGV or CADREB, which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board, or the Chilliwack and District Real Estate Board.