5759 TEREDO STREET, Sechelt
COURT ORDERED SALE. Rare 1.7-acre prime development site in the Heart of Sechelt. Zoned C4 (Downtown Centre), this high-exposure parcel offers unparalleled flexibility for institutional-scale projects. Under OCP Bylaw 492-35, capitalize on a 2.4-2.8 FSR and 6-storey height allowance for diverse uses including Luxury Multi-Family Condos, Mixed-Use Residential, a Boutique Hotel, or a 240-unit Seniors´ Campus of Care. Strategically located within the primary commercial core, this site qualifies for the Secured Rental Incentive and CMHC MLI Select "Gold Tier" financing (95% LTC, 50-yr amortization). Efficient podium-style parking potential minimizes excavation and aligns with Shíshálh Nation archaeological protocols. Seize the defining development opportunity of the Sunshine Coast. (id:62865)
Status
Active
Property Type
Vacant Land
Ownership
Freehold
Annual Tax
$64,190
Parcel Number
009-974-075
Data Source
Greater Vancouver REALTORS®
Lot Size
1.66 acres
Frontage
659.0 feet
Lot Features
Community Features
$5,300,000
Office
Sotheby's International Realty Canada
Loan Amount:
$4,240,000
Estimated Monthly Payment:
$20,662
This is an estimate for informational purposes only. Consult with a financial advisor.
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