A development permit amendment and variance has been submitted to the District of Saanich to allow for a 36 unit multi-family development consisting of a three-storey 24 unit apartment and a two-storey 12 unit apartment.
The project is targeted for the NE corner of Cedar Hill & Cedar Hill X Road. The developer has blended the structures in nicely with the immediate neighbourhood, and is proposing high quality exterior material finishes. Prime location off the Shelbourne Corridor, this property will enjoy full occupancy. Demand drivers include University of Victoria, Camosun, Luther Court Assisted Living, and Royal Jubilee Hospital.
|1514 Cedar Hill Cross Rd||acquired 7/11/2016 for $737,300|
|1520 Cedar Hill Cross Rd||acquired 7/11/2016 $717,900|
|3811 Cedar Hill Rd||acquired 7/11/2016 $797,700|
|3801 Cedar Hill Rd||acquired 9/15/2003 $220,000.00|
Total land acquisition cost: $2,472,900
Cost per buildable residential unit: $65,076 (maximum density for RM-5 zoning is 1 unit per 1,238 sqft of lot area)
The proposal includes:
- three-storey 24 unit rental apartment building along Cedar Hill Road
- two-storey 12 unit rental apartment building along Cedar Hill X Road
- 21 off-street outdoor parking stalls
- 7 on-street parking stalls
- secure off-street parking in the 24 unit building
- setback relaxations
- 10% green open space