Small Land ComparableThis is a 1.7 acre lot with room for 44 townhomes. Ask 8.5 million.
This area is comparable to Loftus. Note, services are pending the actions of adjacent land owner.
They want $210,000 a door.
Central has 7500 doors. 750 million for MPC, triple the market cap.
Designated Attached Multi-Unit Residential – includes apartments, rowhouses, townhouses, or duplexes (1.0 FSR). After the PAR meeting with Mission, planning is receptive to 44 Townhomes & 1 Front – Load Single Family Lot. Application in. Full consultant team available for a meeting, upon request. • Price: Appx $210-215K/door + raw lot. • 2 very well-kept and maintained rental homes. Make it easy to finance/hold till you wait for permits. • 2 titles. Make it easy to finance/hold till you wait for permits. • Infill, access from the west. The western neighbor will move forward in due course and bring all required infrastructure to the western PL of the subject. • Neighboring properties located in Mission’s Cedar Valley Plan. In a desirable location – within a 5-minute walk to Edwin S Richard Elementary School and a 5-minute drive to Heritage Park Middle School & Mission Senior Secondary School. • Amenities such as Centennial Park are located within a quick 3-minute drive. • Call us for more intel on this.