11511 TURTLE BAY CT Lake Country BC V4V 1X9
6 STORY MIXED-USE IN LAKE COUNTY
27,328.31 SqFt Site
OVERVIEW
This offering is an impressive 27,328.31 square feet, this property stands as a canvas for transformative development opportunities. Boasting the designation of Single Gamily Housing zoning, the land offers a clear and purposeful framework for residential development. The substantial size of the property provides ample space for crafting innovative and thoughtful designs, whether, contemplating the construction of a spacious single-family residence or exploring other creative housing concepts within the Single-Family Housing zoning.
This unique combination of size and zoning creates a solid foundation for realizing diverse residential visions, making the property an enticing prospect for those seeking to embark on a distinctive and purposeful development journey. Explore the potential of this expansive parcel, where the possibilities for creating an exceptional single-family living environment are both vast and promising.
HIGHLIGHTS
- The property has a potential of up to 52 units, providing substantial housing capacity.
- The proposed utilization of the property is for hotel purposes, offering versatility in its housing capacity.
- The property is designed as a 6 story structure, featuring a mixed-use concept that combines commercial spaces at the ground level with condominiums above.
- The development does not necessitate underground parking, streamlining the construction process and potentially reducing costs.
- Once constructed, short-term rentals will be permitted for each condo unit, offering flexibility and potential income streams for unit owners.
- There is an option to sell each condo unit individually, providing flexibility for potential buyers. Alternatively, the entire building can be sold as a comprehensive investment as well.
This property offers a significant housing capacity with 52 condo units designed for hotel usage within 6 story mixed-use site, featuring commercial spaces at ground level and condos above. With no underground parking, this streamlined construction process, allowance for short-term rentals, and flexibility in selling individual units or the entire building making it a versatile and attractive investment opportunity.
DOCUMENTS
DISCLAIMER
Please be advised that the details provided are based on current information available and are subject to potential updates or changes. It is recommended to verify all information independently and conduct due diligence prior to making any decisions or commitments regarding the property.
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