C$990,000

Exceptional 1.48-acre, fully zoned multi-family development opportunity at 502 11th Avenue in Castlegar. The current February 2026 design contemplates a 68-unit residential development, with City Council approvals including a six-storey building variance and reduced parking ratio of 1.16 stalls per unit. Significant pre-development work has already been completed, providing a meaningful head start toward development. Supporting materials include geotechnical testing, traffic review, survey and topographic work, preliminary civil engineering for servicing, grading, drainage and utilities, architectural site plans, elevations and floor plans, and preliminary landscaping plans. Ideally positioned on the edge of Castlegar’s downtown core within an established residential neighbourhood, the property is close to grocery, shopping, schools, parks, recreation and healthcare, with convenient access to Highways 3 and 22, the West Kootenay Regional Airport and Selkirk College. The proposed suite mix ranges from bachelor to two-bedroom-plus-den units, including 30 two-bedroom or two-bedroom-plus-den homes. A compelling opportunity to advance a well-developed residential project in one of the West Kootenay’s tightest housing markets. (id:41202)