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$ 4,900,000
Est. payment /mo
Active
3052 Nancy Greene Highway Rossland, BC V0G1Y0
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Rossland
MLS® Listing ID 10378046
Property Sub-Type Freehold
Property Description
Available for sale is the Rock Cut Development Lands - located at 3052 Nancy Greene Highway (Highway 3B) in Rossland, BC, and representing a premier development opportunity between the iconic RED Mountain Resort (2 mins) and Downtown Rossland (5 mins). Comprising a total of 6.53 acres across two parcels, the Site is efficiently positioned along Highway 3B, featuring an existing access point from Site A (see brochure), with a legal secondary access point also benefiting Site B. Site A is currently improved with The Rock Cut Pub, generating attractive net holding income of +$61,590 for the benefit of a developer. In addition to the existing commercial zoning on the ~0.72-acres of pub lands, the Site offers flexible residential zoning entitlements, including up to +53 townhomes or +106 apartment/hotel units (<50 sqm), and rare commercial short-term rental zoning. RED Mountain has recently repositioned itself with an ambitious expansion plan, both to expand the resort's recreation and amenity offerings, as well as significant residential development, with multiple new condominium projects demanding pricing in excess of +$1,000 PSF for 1-bedroom units. RED Mountain is located in the West Kootenay region of the BC Interior, representing one of Canada's top four-season recreational tourism destinations, attracting visitors and investors from all over North America. Prospective purchasers should download the brochure at the link below for more information. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage Kelowna
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