Opportunity to acquire a fully tenanted, income-generating property with an approved development permit for the southern portion. The northern portion consists of six updated, 3-bedroom, 2-bathroom, two-level townhomes, some with ocean views. Enjoy steady rental income while developing the southern portion, which has approval for a 33-unit, three-story residential building over a concrete parking garage, with many units offering ocean views. The Township is currently reviewing and amending its Official Community Plan. There is potential for rezoning the northern portion to allow for increased density and redevelopment opportunities.
STRATA LOT 1, STRATA LOT 2, STRATA LOT 3, STRATA LOT 4, STRATA LOT 5, AND STRATA LOT 6, PLAN LMS3793, DISRICT LOT 686, GROUP 1, NEW WESTMINSTER LAND DISTRICT, TOGETHER WITH AN INTREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1 OR V, AS APPROPRITATE