Property Description

Exceptional land assembly opportunity for future low-rise residential development. The combined site is currently zoned RA1 (Residential Apartment 1) with a total land area of over 27,500 sq. ft. The zoning permits a base FAR of 1.5, allowing approximately 41,000 sq. ft. of buildable area, with the potential to increase to 2.0 FAR (approximately 55,000 sq. ft.) through density bonus provisions. Great opportunity for attractive CMHC financing options. Ideally located near Gates Park, Veterans Park, Lions Park, Riverside Secondary, Central and Mary Hill Elementary Schools, Costco, major grocery stores, restaurants, coffee shops, and other everyday amenities. A prime redevelopment opportunity in a highly desirable and growing location. For detail info contact us.