Shuswap Real Estate Specialist!

Rob McKibbon - REALTOR® - BIGRob.ca

Rob McKibbon, REALTOR® - turning our clients into friends!

  • Direct: 250-804-6288
  • Fax: 250-832-7573
  • Toll Free: 1-866-463-2791
  • Office: 250-832-7871
  • SOLD@BIGRob.ca
  • Robert McKibbon, REALTOR®
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1400 Southeast 20 Street in Salmon Arm: Hillcrest Vacant Land for sale (SE Salmon Arm) : MLS(r) # 10112895

1400 Southeast 20 Street Salmon Arm V1E 2N2 : Hillcrest

Main Photo: 1400 Southeast 20 Street in Salmon Arm: Hillcrest Vacant Land for sale (SE Salmon Arm)  : MLS(r) # 10112895banner
$1,450,000
Prop. Type:
Vacant Land
MLS® Num:
10112895
Status:
Sold
Residential DEVELOPMENT Property now fully approved for 32 LOT Sub-Division in Salmon Arm. This property was recently placed into the City of Salmon Arm's Official Community Plan (OCP) as an R1 Sub-Division & then granted a full exclusion from the Agricultural Land Reserve (ALR); which is now APPROVED! The property has been taken out of the ALR and is now rezoned to R1 as a Residential Sub-Division. 32 Lots with a Retail Value of $5,125,000! Purchase the approved sub-division, Install the services & realize a $1,800,000 profit on lot sales. Located in the Hillcrest Area of SE Salmon Arm, the property borders the Elementary school & is adjacent to similar sub-divisions with new homes. Home on property has little or no value to sale price as a development, however, could be rented out in the interim to cover property taxes and expenses. All site engineering is now completed with PLA in place, ready to break ground. Seller can offer financing & even buy back 4 of the lots in the first phase of 9 lots for $500,000 which will offset the costs to build the first phase. Seller is a developer, Realtor® & listing agent & can be creative to make this development a reality. Call Rob McKibbon toll free at 1-866-463-2791 or local at 250-804-6288. SOLD@BIGRob.ca, Thanks for your interest!
Price:
$1,450,000
Property Type:
Vacant Land
Lot Size:
Switch units of measure7.02 acre(s)
MLS® Num:
10112895
Status:
Sold
Listing information last updated on 30-May-2016 9:01 PM
ROB  MCKIBBON
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Direct:250-804-6288
Fax:250-832-7573
Toll Free:1-866-463-2791
Office:250-832-7871
SOLD@BIGRob.ca
Robert McKibbon, REALTOR®
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Shuswap Real Estate Specialist!
Direct:250-804-6288
Fax:250-832-7573
Toll Free:1-866-463-2791
Office:250-832-7871
SOLD@BIGRob.ca
Robert McKibbon, REALTOR®
Homelife Salmon Arm Realty
#404; 251 Trans Canada Hwy NW
Salmon Arm, BC
V1E 3B8 CA
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