10862 CHEMAINUS SALTAIR

neighbourhood of Other British Columbia Canada V9G 2A4
$870,000

10862 CHEMAINUS SALTAIR

  • Price: $870,000
  • MLS Number: 469898
  • Square Footage: 1640 Sq Ft
  • Property Type: Residential

Stocking Creek Village is a 1.4 acre parcel with water, hydro and a Type 3 septic plant. C-2A zoning allows multiple commercial uses. A Development Permit is in place to build two large buildings and 14 small buildings. One large building is finished and leased to a coffee shop and a gelato business. The foundation is complete for the second large building. The 14 small buildings provide a unique opportunity for businesses that decide to downsize in light of today’s economic realities. The $870,000 purchase price is based on a June 2, 2020 independent appraisal. Forecast profits from this development project are generous; and mortgage payments for building purchasers at today’s interest rates are competitive with current market rents. Stocking Creek Village is an exciting development opportunity supported by positive demographics, new business realities, existing anchor tenancies and a development plan that is implementation – ready.

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