Presenting a prime development opportunity comprising 50 thoughtfully designed townhomes with one level of underground parking. The site boasts a 1.5 FAR (Floor Area Ratio) and a total net sellable area of 68,535 square feet. Having successfully passed third reading, the site is fully development permit-ready. While all necessary servicing agreements have been negotiated, they await final execution. This offering also includes the potential for a higher-density development, with the ability to achieve a 2.5 FAR by incorporating rental housing or a care home facility. With a short lead time required to launch sales and commence construction, this site represents a rare and highly attractive opportunity for developers.
Data was last updated December 2, 2024 at 01:10 PM (UTC)
Area Statistics
Listings on market:
102
Avg list price:
$2,500,000
Min list price:
$1,150,000
Max list price:
$14,000,000
Avg days on market:
75
Min days on market:
5
Max days on market:
322
Avg price per sq.ft.:
$743.52
These statistics are generated based on the current listing's property type
and located in
White Rock. Average values are
derived using median calculations.
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