Developers and Investors your opportunity awaits with this turn key project being sold with an approved Development
Permit included in the sale. The project plans are for 20 stylish units in a building designed by award-winning Sturgess Architecture to appeal to a sophisticated mix of discerning individuals looking to purchase luxury townhomes to own or for investors to build and sell, or as a fantastic rental building. Featuring 12 of the units looking directly onto the newly refurbished Munro Park & the other 8 to look onto the CO-OP site which is soon to be completely rebuilt with a beautiful 2 storey CO-OP store, mixed-use development, new gas station & car wash. The Munro project was thoughtfully designed to include private patios, decks & even roof-top patios to enjoy stunning city & mountain views. Parking was designed to minimize one of the most expensive costs of a project by not building an underground parking lot, but instead build an at grade, covered parking garage. Above the garage, much thought was put into creating additional communal space for the residents, possible bbq area, built-in seating & access into the upper units. The building itself was thoughtfully designed as a 4 storey building with transitions to lower heights to neighbouring properties, but maximizing heights everywhere else. A combination of 1, 2, & 3 bedroom units with ranging from approx. 600 - 1800 sq. ft. The Munro Project was designed to fit perfectly into the location by utilizing the Munro Park, CO-OP new store, gas station, and mixed-use development across the street, along with raising the bar with a building with a modern, yet timeless style & design. Munro Park was recently upgraded with a new running track, work-out stations, picnic area, soccer field, a baseball diamond & even designed with parking for food trucks. Use the approved DP design or start from scratch with your own plans and the new M-C1 zoning. Options are endless for this fantastic location. Call for further details or check the links to view the renderings and design features. M-C1 zoned land allows for up to 22 units on the 3 combined lots. The two houses at 508 & 512 are currently rented. 512 has featured substantial renovations including a new kitchen, appliances, bathroom + many more to make this a great holding property. 508 has had several updates as well. 502 is a vacant lot, but avoids demolition costs as well.