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View All
Description
DEVELOPERS - AN INCREDIBLE OPPORTUNITY TO DEVELOP A FOUR TITLE LAND ASSEMBLY INTO A MULTI-UNIT RESIDENTIAL SUBDIVISION UNDER THE NEW ""R-10 RESIDENTIAL ZONE""! Discover an unparalleled opportunity in Salmon Arm, BC! This property is one of four separate, neighbouring properties on 50th St NE (separate Seller & Title for each property) within this Land Assembly, together spanning a total of 5.88 acres. As per the City of Salmon Arm, based on low density provisions, the new ""R-10 Zoning Bylaw"" would allow 22 units/ha (Buyer is responsible for their own due diligence on development). Nestled in an up-and-coming area, it offers proximity to North Canoe public school, grocery store, popular restaurant & short drive to all Salmon Arm amenities. Enjoy a leisurely walk to Canoe Beach on breathtaking Shuswap Lake, adding to the allure of this location. With seamless access to the Trans Canada Highway, commuting is effortless, enhancing the Land Assembly's appeal for developers & investors alike. Don't miss out on this incredible chance to shape the future of Salmon Arm's housing landscape. Home (1930) on property is being sold ""as is, where is"". See Excluded Items. The Seller prefers to sell this property within a Land Assembly, which includes the following other three (3) Land Titles: 6721 50 Street NE Salmon Arm, PID 004-787-226, MLS® 10318333; 6661 50 Street NE Salmon Arm, PID 005-291-461, MLS® 10318154; 6641 50 Street NE Salmon Arm, PID 009-603-794, MLS® 10318331. (id:15472)
Additional Information
Location
Land
Building
Financial
Sales Data
Mortgage Calculator
CitySalmon Arm
ProvinceBritish Columbia
PostalCodeV1E1Y6
CountryCanada
NeighbourhoodNE Salmon Arm
Street Address6611 50TH Street NE
Property TypeVacant Land
Transaction TypeFor sale
Ownership TypeFreehold
MLS #10318008
Size Total1 ac|100+ acres
AcreageYes
Current UseDevelopment residential
SewerMunicipal sewage system
Size Irregular1
Zoning TypeUnknown
Property TypeVacant Land
Road TypeGravel road
TypeOther
Utility WaterMunicipal water
Fireplace PresentFalse
Price1050000.00
Listing Contract Date2024-06-28
Lease0.00
Register with Klein to view Sales Data
Register with Klein Commercial to get access to Sales Data and more:
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Imagine trying to assemble different parcels of land into one piece - it's kind of like snapping building blocks. Except that we are talking about something people deeply value and cherish - their land. Due to their very nature, land assemblies require long timeframes to complete and can be very time-consuming. Often it is not […]
How To Maximize Value in a Land Assembly Land assemblies involve the selling of unique properties in a single transaction to maximize value in a situation that would otherwise not happen. They require longer time frames to complete and are very complex - mostly this is due to the alignment of ownership expectations and sourcing […]
A Guide to Land Assembly in Vancouver As one of the most popular and densely populated cities in Canada, Vancouver is continuously experiencing growth and expansion. This growth has led to an increase in demand for land, leading to land assembly becoming a popular method for developers to acquire large plots of land in the […]
Western Investor - Chilliwack 2.4-acre industrial site sells for $5.5 million
July 23, 2021
Considered a record per-acre price for Chilliwack industrial, the site is zoned for service industrial on Progress Way. Property: Industrial Location: 44394 Progress Way, Chilliwack Size of property: 6,700 square feet (2 buildings) Size of land: 2.5 acres Zoning: M-I Industrial Sale price: $5.5 million Date of sale: March 31, 2021 Brokerage: Klein Group – […]