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Phipps Road & Revilo Place | Rezoned multifamily site permitting 109 rental unit - #1
Phipps Road & Revilo Place | Rezoned multifamily site permitting 109 rental unit - #2
Phipps Road & Revilo Place | Rezoned multifamily site permitting 109 rental unit - #3
Phipps Road & Revilo Place | Rezoned multifamily site permitting 109 rental unit - #4
Phipps Road & Revilo Place | Rezoned multifamily site permitting 109 rental unit - #5
Phipps Road & Revilo Place | Rezoned multifamily site permitting 109 rental unit - #6
Phipps Road & Revilo Place | Rezoned multifamily site permitting 109 rental unit - #7
Phipps Road & Revilo Place | Rezoned multifamily site permitting 109 rental unit - #8

À vendre

$6,325,000 CAD

Opportunity: Assignment of Purchase and Sale Agreement at Discount

The property currently has an accepted, unconditional Purchase and Sale agreement with a national multi-family development company. Colliers has been provided the mandate by the purchaser to seek a
buyer to assume their contract for the purchase of the property prior to the closing date of October 12th, 2022.

The rezoned development site permits 109 units in a six-story multi-family building in the town of Langford, B.C., the province’s fastest growing municipality and third fastest in Canada. Langford Municipality recently announced a $125M post-secondary educational development between University of Victoria/Royal Roads/and Camosun College. The subject site is 750 meters away from this future campus. The property is held in a bare trust corporation and the purchaser will also consider Joint Venture opportunities.