LARGE RESIDENTIAL LAND ASSEMBLY , LAKE COUNTRY, BC | ASSEMBLY PRICE - $20,473,200 + GST
Scott Marshall and Kris Mclaughlin are proud to present this opportunity to acquire 5 properties in this outstanding, residential redevelopment land assembly.
The large residential land assembly includes 5 residential properties with 5 titles, totalling approximately 4.7 acres. The assembled properties are currently zoned RU1 but are located within an Urban Containment area, as defined by the District of Lake Country, with an OCP Future Land Use designation as High Density Residential. The high-density designation could be redeveloped as mixed-use development with both commercial and residential uses. The district has established a policy to locate high-density multiple-unit projects within easy access of commercial services, parks and community and recreational facilities in areas such as the Woodsdale neighbourhood. Their priority for High Density Residential areas is to maximize land use efficiency and target residential densities of between 25 and 120 units per hectare. The assembly at approximately 4.70 acres or 1.902 hectares could potentially accommodate 47-228 units, including townhouses, apartments, duplexes and triplexes. Limited amounts of Neighborhood Commercial may be permitted where appropriate, as well as congregate housing, group homes and senior housing. This is a great location in a well-established residential are of Lake Country-only a block south of Wood Lake and across the street from Beasley Park and Reiswig Regional Park. Total sq.ft. approximately 204,732.
There is potential to extend the offered assembly through 3 properties that are currently listed on Redecopp Road.
11375 Reiswig Road, Lake Country, BC
11411 Reiswig Road, Lake Country, BC
11441 Reiswig Road, Lake Country, BC
3551 Woodsdale Road, Lake Country, BC
3583 Woodsdale Road, Lake Country, BC