Approved Development Opportunity in Saanichton

The Investment Properties Group is pleased to present the opportunity to purchase a 90 suite apartment project with development permit approval. The development plan includes two buildings, 50 markets rentals and 40 affordable rentals (maximum rent $1,732/ month). Comprised of bachelor, 1, 2, and 3 bedroom suites with large open plans, ample on-site underground parking and secured bike storage.The property is located in the city of Central Saanich with an abundance of amenities minutes away. The development is a 10 minute walk to Saanichton Village with major retailers Shoppers Drug Mart, Thrifty Foods, CIBC, Shell Gas Station and more. Additionally there is direct access to the Patricia Bay Highway with Macdonald’s, Tim Hortons, The Waddling Dog Bar and Grill, and Shell Gas Station. The property is approximately 10 minutes to the Victoria International Airport, 18 minutes to the Swartz Bay Ferry Terminal, and 25 minutes to Downtown Victoria. This friendly community is an outdoor enthusiasts dream, with hiking, kayaking, and canoeing minutes away.



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