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$ 7,998,000
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Active
771 GIBSONS WAY Gibsons, BC V0N1V9
21,117 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 21,117 sqft
Price per Sqft $378
MLS® Listing ID C8064275
Year Built 1986
Lot Size 1.039 Acres
Acres 45242.0
Source Greater Vancouver REALTORS®
Property Description
Exceptional investment & redevelopment opportunity in Upper Gibsons. Kern's Plaza offers 21,117 sq. ft. of retail/office space with long-term tenants incl. Salvation Army, generating ~$315,000 NOI (3.95% cap at $7.98M). Situated on a 45,242 sq. ft. C-1 zoned lot, the site permits mixed-use with ground-floor commercial and residential above. Zoning allows ~36,000 sq. ft. footprint and 3'4 storeys as-of-right, with recent approvals supporting 5'6 storeys. Massing concepts suggest 125'230 residential units plus up to 26,910 sq. ft. of commercial. Phase 1 Environmental complete. Hold for stable income today and unlock major redevelopment potential tomorrow. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by Sotheby's International Realty Canada
