Shovel Ready Land For Sale

Avison Young is pleased to present a rare opportunity for a new half-acre multifamily development at 366 and 370 Purvis Boulevard in the City of Selkirk. The site is situated within an actively growing residential neighborhood, with new homes, side-by-sides, and low-density multifamily product just minutes from the amenities of Selkirk Crossing with Walmart, Canadian Tire, Boston Pizza, and numerous other restaurants and retailers.

The property is fully serviced with water, sewer, and hydro lines in place, and the site is graded and currently fenced. The owner secured a transferable Development Agreement (DA) with the City of Selkirk which will speed up a future multifamily development.

The owner has existing plans for development available which include two 3-storey walk-up buildings with a total of 16 residential units, each offering 2-bedroom, 1-bathroom layouts with in-suite laundry and rear surface parking. Supporting materials include CAD files, elevations, site plan, and floorplans, all of which are available for reference. There is potential for developers to increase the number of residential units on site, and prospective purchasers are encouraged to do their own due diligence.

This is an attractive infill site for a local or regional multifamily developer looking for a rare opportunity to develop a new multifamily residential project in Selkirk.

Additional information is available via data room upon receipt of a signed confidentiality agreement. The owner has invested significant time in planning this multifamily development but is planning to retire and has decided to offer the property for sale with offers reviewed as received.

Offered at: $884,000