LOT 5 PARNABY Road

Description

Exceptional multifamily development opportunity in Cranbrook BC. Elk Crossing is a 9.9-acre development parcel forming part of the St. Mary’s Neighbourhood Structure Plan and is currently zoned for multifamily use with density of up to 100 units, along with current Development Permit approval. Potential may exist to increase density up to approximately 250 units through a future application to the City of Cranbrook and approval process (city approval would be required). Located beside the renowned Shadow Mountain Golf Course, this property offers a rare chance to develop in a highly desirable lifestyle destination surrounded by mountain views, natural beauty, the St. Mary River, Rails to Trails, and four-season recreation. Cranbrook continues to serve as the East Kootenay’s key regional hub, offering strong long-term appeal with schools, shopping, health services, the Canadian Rockies International Airport, and quick access to Kimberley all nearby. Servicing is available to the lot line for City water and sewer through adjacent strata EPS 153. Power poles are in place, with additional electrical service required; previous design work had been completed and submitted to BC Hydro. A single gas line also services the property, with sizing to be verified. The land has been scraped and graded according to the existing plan, with geotechnical and preliminary engineering reports available. (id:63159)

Property Details

Annual property tax

$4,654.43

Brokerage

Real Broker B.C. Ltd

Location Insights

Population

20,499

(2021 Census)

+2.3% since 2016

Density

641.2/km²

Dwellings

9,058

Median household income

$80,000

After-tax

$72,500

Immigrant population

8.7%

Top countries of origin

• United Kingdom1.4% · 290
• United States of America1% · 205
• Philippines0.9% · 175
• Germany0.6% · 115
• Jamaica0.5% · 105
• South Africa, Republic of0.4% · 90
• Italy0.4% · 75
• Ukraine0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Weather

20°C

Partly Cloudy

Humidity 53%

Wind E 12 km/h

Today

23°

Tonight

12°

Thursday

22°

Thursday night

7°

Friday

20°

Friday night

8°

Source: Environment and Climate Change Canada.