1499 Depot Rd - Apartments FOR SALE


Squamish, BC
$12,500,000 CAD
604-805-9904
1499 Depot Rd, Squamish, BC for Sale
$12,500,000 CAD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1499 Depot Rd
Squamish, BC


HIGHLIGHTS

  • Development site with existing MF building

OVERVIEW

Royal LePage Sussex Phoenix Realty is proud to present for sale this very large and highly unique parcel of development land in the Brackendale area of Squamish. Consisting of a mainly bare parcel ready to be developed, but importantly the site includes a ‘duplex’ building completed recently which operates as an extremely innovative co-housing development with a total of 14 rooms individually rented all with private bathrooms, generating very high monthly incomes. The goal and preliminary layout for the site includes 13 additional lots with sizes between 7,500 – 8,500 sf serviced by an internal private road. With the new R-1 zoning allowances as well as the current RS-2 zoning, this would allow a four-plex to be built on each lot giving a total potential of 54 new homes.

FOR SALE DETAILS

PRICE

$12,500,000 CAD

PRICE/SF

$1,967 CAD /SF

# OF UNITS

14

PRICE/UNIT

$892,857

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1499 Depot Road

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

138,085 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mike Guinan-BrownePhoenix Commercial RealtyMore Info
604-805-9904

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Mike Guinan-BrownePhoenix Commercial RealtyMore Info
604-805-9904

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.