2.51 Acre Redevelopment Land, Quesnel

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Current Zoning
C-2/RS-2 (New zoning to be discussed)
Total Buildable (SQFT)
TBD (for negotiation with City)
Gross Site Area
± 109,466 SQFT
± 2.51 ACRE
PRICE
$1,450,000

2.51 acre Redevelopment Opportunity

 

London Pacific has been chosen to bring this unique opportunity in Northern British Columbia to market.

Following discussions, the City of Quesnel has established that they are extremely motivated to assist in many ways including:

 

  • Potential Tax Deferments for the development for up to 10 years
  • Assistance from the Northern Housing Incentive which currently grants funding up to $10,000 per door to a maximum of $200,000 per development.
  • Expedited rezoning and DP Application process highly possible.

 

The potential development of the whole 2.51-acre site could yield high demand up-scale rental apartments, condos, senior living facilities or a blend of these to suit.  The City of Quesnel is exceptionally willing to assist with developments of these types and have indicated their flexibility regarding zoning.

 

Property Highlight

+ Unique 2.51 acre redevelopment potential
+ Opportunity to work with the City to rezone to suit
+ Exceptional location in growing Northern BC City
+ High demand for senior housing, rentals and condos in the area
+ Elevated site with views over the mighty Fraser River
+ Opposite shopping mall for convenience
+ Existing Pub and Restaurant with in-place licenses
+ Easy access to Hwy 97 and Downtown Quesnel across Moffat Bridge

 

Location
Located in the exceptionally convenient Riverview District of Quesnel, this one of a kind development opportunity is currently home to the RiverRock Pub and Steakhouse which has been a long-time popular local destination.

 

Development Potential
According to research from the City of Quesnel, there is a significant demand for housing in this area; inventory levels are extremely low for new condos, rental units and senior housing. As the City is committed to facilitating development as soon as possible, they will work with developers to expedite the rezoning and development/building permitting process.

Located only one block to the west of the Fraser River, directly over the Moffat Bridge, this site is one of the most accessible neighbourhoods not directly on the highway. Moreover, it is opposite the West Park Mall which houses Save On Foods, Bosley’s, a liquor store and several living conveniences right on the doorstep.

 

Senior Housing Potential
For full extended facilities, it is highly possible to obtain ongoing funding of between $5,000 – 6,000 per month per unit from the BC Provincial Government.

 

Investment Potential
In the meantime, the pub and restaurant are fully operational and could continue to be run in the short interim holding period prior to construction.
All licenses are in place with full staffing for day-to-day operations. Currently, this 10,000 SQFT building houses the restaurant with 100 seats inside and an additional 60 seats outside, along with 90 seats in the pub plus 20 seats on its own patio.
All operational equipment is included, and the current owner will provide training if required.

 

It is rare that such a large parcel of land is available for redevelopment in an area showing such high demand for a variety of different uses.

Contact
Mike Guinan-Browne *PREC
MGuinanBrowne@londonpacific.ca
604.805.9904

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