$200,000

545 Church Avenue, Oliver V0H1T0

Detached

Listed by: Royal LePage South Country.

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Description

Phenomenal development opportunity in the heart of Canada's wine capital. Zoning changes and Official Community Plan modifications already in place: Rezoned RH2/High Density Residential: uses include apartment building, townhomes, and home occupation. Plans in place to build new multi-level town homes with rooftop decks and garages. Purchaser would benefit from significant pre-paid soft cost investments including offsite levies, development charges and utility connections. Note: lot is subject to an easement requiring allocation of 5 parking spaces in any development plans, in favour of the adjacent property at 511 Church. 511 Church parcel is also being offered for sale separately (mls#: 10393467), as well as 545 and 511 Church being offered for sale together (mls: 10393143). (id:66934)

Location

Approximate location supplied by the listing data provider.

Features

Structure: Other

Annual Taxes: $1,551

Lot Size: 0.14

Property Details

Property Type	Detached
Sub Type	Vacant Land
Lot Size	0 sq ft
Listing ID	10393499

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545 Church Avenue, Oliver
MLS® 10393499 · $200,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

Monthly payments use Canadian fixed-rate, semi-annual compounding. The term is the contract length; amortization is the repayment period. Renewal rates may change.

Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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