About This Property
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. (id:64973)
At $73 per square foot, this 1.7-acre development site in the heart of Sechelt is priced significantly below the local market average, making it a compelling opportunity for large-scale institutional investors seeking to capitalize on the area's robust growth potential. Given the property's flexible C4 zoning and generous height and density allowances, it is ideally suited for a mixed-use project featuring luxury condominiums, a boutique hotel, or a senior's care facility that could transform the commercial core of Sechelt.
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