RARE opportunity for your next major development, this 350x120 (7 Premisses in a row) MC-1 lot in Capitol Hill.
42,000 sq/f with a FAR of 2.4
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.More details
Outstanding 3 storey walk-up building with 10 separate titles comprised of 2 commercial units (main floor 3,452 sq. ft. lower level 2,000 sq. ft) and 8 (2 bedroom) residential units (796 sq. ft. each). Site area is 11,948 square feet. 21 surface parking stalls on site. Excellent location across from SAIT. Perfect revenue property with multi-tenants including a medical clinic and gym. Phase I environmental completed in 2014. Contact Lister for further details 2018 gross revenue $213,732.00More details
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