$1,110,000

731 North Road, Gibsons, BC V0N 1V9

MLS® C8076323

Description

Redevelopment opportunity in Upper Gibsons! This 0.38 property is currently zoned PI-2 – Public Institutional Upper Gibsons Zone, which allows for multifamily rental development with a height of up to 20m, potentially supporting over 30 units as well as, office, arts and culture, and medical uses. With excellent exposure to both local and highway through-traffic, this centrally located, transit-oriented property offers significant potential. As well, the existing building, while older, is leasable and is currently operated as a retail store. With approx. 3,600sf of ground floor retail space plus a second floor offering storage space and a possible residential suite, there is the potential for strong holding income while solidifying your development plan!

Property

Property type

Land

Structure

Mixed Use

Year built

1,971

Ownership

Freehold

Levels

2

Systems

Heating

Space Heater

Lot and parking

Lot size

16,552.8 sq ft

Road surface

Paved

Parking spaces

12

Parking

Guest

Costs

Annual property tax

$961

Tax year

2,025

Location

Area

Sunshine Coast

Neighbourhood

Gibsons & Area

Waterfront

No