$950,000
$1,350,000
29.6%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 08/31/2023
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 934634
Sold Date 08/31/23
Rental Info Unrestricted
Annual Tax Amount $5,054
Tax Year 2022
Lot Size 10,890 Sqft
Acres 0.25
Property Description
10,802 SF Development Site in the Heart of Cumberland's Thriving Downtown Core! Rare opportunity to acquire a well-located development site with density in the Town of Cumberland. The Property has an approved Development / Heritage Permit for a 4-storey hotel or mixed-use building. Highlights include: numerous amenities and businesses surrounding the Property and in Cumberland's downtown core; corner site, meaning increased exposure; approved Development / Heritage Permit reducing timeline to complete development; ample existing density with 4-storeys; and potential to update the floor plan to increase the number of units for the hotel or mixed-use option.
Location
Province BC
County Cumberland, Village Of
Area Cv Cumberland
Zoning VCMU-1
Exterior
Parking On Site 1
Others
Tax ID 002-422-239
Ownership Freehold
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Alexandrite Real Estate Ltd.
