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:
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.
+ 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
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.
The River Rock pub itself sits on a parcel consisting of 1.38 acres which is currently zoned C-2 commercial, and this asset is available to be purchased separately to the additional 13 contiguous parcels which will add another 1.13 acres to the assembly. These additional parcels are currently zoned RS-2 allowing for single or duplex residential, but the City of Quesnel is very happy to look at a zone change to allow much higher density on the whole assembly. Alternatively, the full assembly could be purchased with a development completed in two stages, with the first running concurrently to continuation of running of the River Rock Pub and Restaurant.
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.
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 98 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.