9971/9973 RESTHAVEN SIDNEY

Sidney North-West neighbourhood of Sidney British Columbia Canada V8L 3G2
$1,995,000

9971/9973 RESTHAVEN SIDNEY

  • Price: $1,995,000
  • MLS Number: 873911
  • Property Type: Residential

9971 & 9973 Resthaven are a development site zoned Multi-family High Density (RM7), must be sold together; which would allow townhouses at a max height of 3 stories and apartment/condominiums at a max height of 4 stories. Residential density in the multi-family zones is based on floor area ratio. The RM7 zone has a base max FAR of 1.3 and a bonus max FAR of 2.0. The two properties have a combined lot area of 966m 2’d (10,397 ft 2’d). This means that someone can build up to a FAR of 1.3 or 1,255m2 of total floor area without paying any amenities at the time of building permit, or can build up to a FAR of 2.0, or 1932 m2 of total floor area, and pay $150 per square meter of additional floor area over the base max of 1,255.8 m2. The floor area can be divided up into however many units the property owner/developer sees fit, although there are Zoning Bylaw requirements for a minimum number of 3-bedroom units, adaptable units and req’d parking, tends to limit # of units within a dev’lment.

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Listing Brokerage: Saanich Peninsula Realty Ltd

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