2320 HAMILTON HILL Road

Description

An exceptional investment and development opportunity awaits in one of British Columbia's emerging growth markets. This strategically located development site in Merritt offers investors and builders the rare advantage of approved zoning and significant preliminary work already completed. As more British Columbians seek the affordability and lifestyle of communities beyond the Lower Mainland, Merritt continues to experience growing demand for housing. Ideally located just two hours from Metro Vancouver and approximately one hour from both Kamloops and Kelowna, the city is well positioned for continued growth. The property is zoned for a master-planned development of up to 250 residential units, including single-family homes, condominiums, and a hotel (see supplements). The current owners have secured a water supply through a joint venture with a local company utilizing provincial financing, while sewer and power services are nearby. Proposed site plans, architectural renderings, and preliminary civil engineering by a respected Kelowna engineering consulting firm are available to qualified purchasers through an (NDA). The owners are also willing to consider a joint venture partnership or vendor financing with a qualified developer, creating additional flexibility for the right buyer. All measurements and information are believed to be accurate but should be independently verified by buyers or their representatives if deemed important. (id:63159)

Property Details

Annual property tax

$114,100

Brokerage

Century 21 Assurance Realty Ltd

Location Insights

Population

7,051

(2021 Census)

-1.2% since 2016

Density

270.8/km²

Dwellings

3,149

Median household income

$70,000

After-tax

$64,000

Immigrant population

9.6%

Top countries of origin

• India2.3% · 160
• United States of America1% · 70
• United Kingdom0.9% · 65
• Philippines0.8% · 55
• Korea, South0.5% · 35
• Italy0.4% · 25
• Netherlands0.4% · 25
• South Africa, Republic of0.3% · 20

Source: Statistics Canada, 2021 Census of Population.

Weather

25°C

—

Humidity 31%

Wind ESE 3 km/h

Today

25°

Tonight

13°

Thursday

21°

Thursday night

6°

Friday

19°

Friday night

7°

Source: Environment and Climate Change Canada.