64 Acres rezoned to 190 - 1/4 acre parcels

Mission, BC

64 acres outlined on map in Mission Area
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Asking Price: $50,000,000

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: N/A

FF&E: N/A

Year Built: N/A

64 Acres rezoned to 190 - 1/4 acre parcels

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Property Description

64 Acres rezoned to 190 - 1/4 acre parcels

Proforma Estimate
Lot Sales $125M
Servicing $ 30M
Land $ 50M
Net $ 45M

Located in Mission, BC at the foot
of Ferndale Ave and Erickson St.
• City water is at the curb, road
access is existing
• Site needs to be rezoned to 190 ¼
acre lots
• Similar to Eagle Mtn., Abbotsford
where smaller lots trade at $750k+
• Lots are estimated to sell at an
average price of $670k
• Views to Vancouver Island and Pt.
Roberts
• Comparable zoning is across the
street and down the street (see
orange circle on map below)
• Preliminary Layout Approval (PLA)
will take about 12 months
• Vendor has list of builders who
can purchase lots at PLA
• Vendor may carry up to 50% of
purchase price in 2nd positio

Attached Documents


Detailed Information

Type:
Other Business Real Estate
Building Status:
Established
Business Website:
http://bccondos.net/m--14873-33466-2-34687-ferndale-avenue
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Les Twarog

Property Listed By:
Les Twarog

LesTwarog

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