630 RIVERSIDE Avenue Sicamous

$3,900,000
630 RIVERSIDE Avenue - Photo 1
  • Price$3,900,000
  • MLS #10305828
  • Lot Size2.55 acres
  • WaterMunicipal water
  • ViewLake view, Mountain view
  • Property TypeVacant Land
  • Zoning TypeUnknown
  • Listing OfficeLandquest Realty Corporation

High Density Lakefront Development site with a marina operation in Sicamous, BC (half-way between Calgary & Vancouver). Upland parcel is 2.55 acres & zoned for a Multi-Unit structure allowing residential uses. Local District studies on housing stock show supply & demand opportunities - contact agent for report. Original plans & permits were taken out for a 67 unit, 3 building condo structure with marina skip for each unit & short-term rentals allowed - all related permits have since expired. Marina needs reconfiguration. The District is very cooperative to ideas for development. There is a DCC credit to be carried over to new owner/developer of $209,777. Remaining from this previously unbuilt venture is a 62,000sf concrete underground parking garage with 162 stalls. This structure serves as a potential income stream/storage complex in the pre-development stage & later providing cost savings for development. Foreshore area in front of the land covers 1.6 acres in the Sicamous Narrows. (id:6770)

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