RARE opportunity for your next major development, this 350x120 (7 Premisses in a row) MC-1 lot in Capitol Hill. Allowed to build up to 14 Meters from grade at a distance greater than 3 meters from that shared property line. The buildable SQ/F can be at the builder's discretion depending on the use they choose to. Alternative Option for to build Assisted living, DP approved for 83,000 sq/f +/- buildable, approved for 118 units, if the buyer chooses that venture, builder is able to increase the BUILDABLE sq/f. There has been a Sanitary study done and can handle up to 150 units if the DP is revised (for assisted living). There's rental income from the existing premises as they're all rented out.
|Price Reduced (from $6,125,000)||$5,600,000||$525,000 (8.57%)|
Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.
Listing information last updated on May 27th, 2020 at 1:15am MDT.