Price Reduction
Address
10862 Chemainus Rd Saltair, BC
Price
$ 825,000
Property Attributes
  • MLS#841419
  • TypeSingle Family
  • CitySaltair
  • Postal CodeV9G2A4
  • Style
  • Year Built2018
  • Taxes7744
  • Price$ 825,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1640
  • Lot Size1.41 Acres
Listing Provided Courtesy Of:
Coldwell Banker Oceanside Real Estate
Property Description

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.

Price History
7/29/2020 Listed $870,000
9/18/2020 6% - $825,000

General Features

Construction Materials Frame Metal, Frame Wood, Insulation All
Garage no
Listing Type House
Parking no
Terms SALE
Wheel Chair Access no
Zoning C-2A

Interior Features

Cooling Other
Fireplace no
Heating Heat Pump

Exterior Features

Exterior Features Balcony/Patio, Lighting, Sprinkler System, Storefront
Lot Features Cleared, Curb & Gutter, Level, Landscaped, Park Setting, Recreation Nearby, Rural Setting, Shopping Nearby
Lot Frontage 61247
Lot Size 1.41
Pool Y/N no

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V9G2A4

Price
AVG $800K
$830K
Taxes
AVG $5,698
$7,744
Visits
AVG 25
12
Year Built
AVG 2012
2018

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