4804 Graham Avenue

Terrace , British Columbia

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Building

Stats

Property Type Land - Multifamily
Size (Ac) 1.42
Price $1,750,000 CAD
Zoning R4 Medium Density Residential

Overview

Avison Young is pleased to present a unique opportunity to acquire a medium density residential development site in Terrace, BC. The Property is located at 4804 Graham Avenue neighbouring Mills Memorial Hospital, featuring convenient access to Highway 16. The Property has flexible R4 medium density zoning with the opportunity to develop up to fifty-one (51) strata, rental or seniors housing units. This rare development opportunity presents a developer with the opportunity to build a strata/ rental development in a rapidly growing and accessible BC market.

Highlights

One block (~600 meters) south of the new Mills Memorial Hospital

Opportunity to build up to fifty-one (51) residential units neighbouring the Mills Memorial Hospital

Premier Terrace location providing convenient access to highway 16

Record low housing supply and immigration demand is continuously tightening the BC housing market

Terrace Airport is the northern gateway hub providing access and service to BC’s mining industry

LNG Canada’s Kitimat natural gas project has officially passed 70% completion. The Project will have a continuing positive employment and financial impact on Northern BC