Gunn AveWhat is a door land value for raw land in Silverdale?
On Gunn Ave, Nault realty has a 5 acre site.
It is in Central, but not first up.
Ask 6.450 million.
Their guess 100k a door. The JV has 7500 doors in Central. Likely higher with the new provincial regulations. At 100k a door, value is higher than the market cap.
Prime development site in Silverdale's Phase 1 (Chester) Precinct. This 5 acre parcel is completely usable, gently sloped, has no environmental or geotechnical obstacles and features incredible river views. Site is designated Townhouse 20 UPA and Single Family 5 UPA. Yield would be approximately 50 TH and 12 SF lots if developed as per the Central Neighbourhood Plan. Bottom townhome portion of property can likely be self developed.