511 & 545 Church Avenue, Oliver, British Columbia

About 511 & 545 Church Avenue

Phenomenal development opportunity in the heart of Canada's wine capital. Zoning changes and Official Community Plan modifications already in place: 511 Church rezoned TC/Town Centre: uses include apartment building, gallery, studio, office, childcare, recreation, hotel, personal service or retail. 545 Church rezoned RH2/High Density Residential: uses include apartment building, townhomes, and home occupation. Plans in place to convert existing church building to 8 purpose-built residential rentals (6 -1 bed, 1 bath , and 2 -2 bed, 2 bath), with dedicated parking spots, and to build new multi-level town homes with rooftop decks and garages on the adjacent 545 Church vacant lot. Upper level suites in the church conversion will incorporate 13.5 foot vaulted ceilings and stained glass windows. Resubmission of existing plans is the only requirement for building permits. Building as planned enables projected net annual cashflow north of $100,000 in residential rental income. Project revitalization would benefit from significant pre-paid soft cost investments including offsite levies, development charges and utility connections, and asbestos and radon remediations. Planned church conversion benefits from easement allowing for 5 additional parking spots in any development plans for 545 vacant lot. 511 and 545 Church parcels are also being offered for sale separately (mls#s: 10393499 and 10393467 respectively). All listing marketing measurements approximate. Buyer to verify. (id:6289)

More Info on this Oliver Residential Commercial Mix MLS® listing

511 & 545 Church Avenue is a residential commercial mix listing for sale in Oliver. The MLS® number is 10393143. It was built in 1930 and covers 6,737 square feet. It's currently listed for $925,000. For more details on MLS® 10393143, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This residential commercial mix listing in Oliver is available now!

Selling your Oliver Residential Commercial Mix property?

Have a similar home to 511 & 545 Church Avenue? If you’re thinking about selling your Oliver residential commercial mix property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Oliver property.

Listing Map