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1499 Depot Road 1499 Depot Rd 14 Unit Apartment Building $12,500,000 CAD ($892,857 CAD/Unit) Squamish, BC
INVESTMENT HIGHLIGHTS
- Development site with existing MF building
EXECUTIVE SUMMARY
Royal LePage Sussex Phoenix Realty is proud to present for sale this very large and highly unique parcel of development land in the Brackendale area of Squamish.
Consisting of a mainly bare parcel ready to be developed, but importantly the site includes a ‘duplex’ building completed recently which operates as an extremely innovative co-housing development with a total of 14 rooms individually rented all with private bathrooms, generating very high monthly incomes.
The goal and preliminary layout for the site includes 13 additional lots with sizes between 7,500 – 8,500 sf serviced by an internal private road.
With the new R-1 zoning allowances as well as the current RS-2 zoning, this would allow a four-plex to be built on each lot giving a total potential of 54 new homes.
Consisting of a mainly bare parcel ready to be developed, but importantly the site includes a ‘duplex’ building completed recently which operates as an extremely innovative co-housing development with a total of 14 rooms individually rented all with private bathrooms, generating very high monthly incomes.
The goal and preliminary layout for the site includes 13 additional lots with sizes between 7,500 – 8,500 sf serviced by an internal private road.
With the new R-1 zoning allowances as well as the current RS-2 zoning, this would allow a four-plex to be built on each lot giving a total potential of 54 new homes.
PROPERTY FACTS
| Price | $12,500,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $892,857 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.17 AC |
| Sale Condition | Redevelopment Project | Building Size | 6,355 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2023 |
| Price | $12,500,000 CAD |
| Price Per Unit | $892,857 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.17 AC |
| Building Size | 6,355 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Smoke Detector
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Phoenix Commercial Realty
1499 Depot Road | 1499 Depot Rd
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