Description

EXCEPTIONAL REDEVELOPMENT & HOLDING OPPORTUNITY IN WESTBANK CENTRE! Situated on a 0.204-acre lot, this property is zoned RC1 (Compact Residential), permitting townhouse development, and designated Residential Shoulders under the City's OCP, supporting higher-density residential redevelopment with potential building heights up to 12 storeys, subject to rezoning and City approvals. An outstanding opportunity for builders, developers and investors to explore redevelopment, land assembly or hold for future appreciation while generating rental income! BONUS: A fantastic 4-bedroom, 2-bathroom detached home offering an EXCELLENT townhouse alternative with NO strata fees or rules! The functional layout features 3 bedrooms upstairs, an updated kitchen with maple shaker cabinetry, tasteful backsplash and newer appliances, plus an updated main bathroom. Downstairs offers a 4th bedroom, spacious rec room with gas fireplace and workshop/storage area, with potential for a mortgage helper suite - call for plans! Outside, enjoy a fully fenced private backyard lined with mature cedars, covered porch, ample parking and a carport with garage potential. Updates include vinyl windows, HWT (2025), newer appliances and roof approx. 8-10 years old. Live in, rent out or redevelop - the possibilities are exciting! Buyer to verify development potential with the City.