LOT 5 PARNABY Road
Cranbrook, British Columbia
MLS® 10393475
$5,000,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 10393475
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 11Listing 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.
Property summary
- MLS® number
- 10393475
- Property type
- Vacant Land
- Building type
- Other
- Title
- Freehold
- Land size
- 9.9 acres
- Annual property taxes
- $4,654.43
- Days on market
- 51 days
Features & details
- View
- Mountain view
What would this home cost you?
Based on the $5,000,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Real Broker B.C. Ltd, Kelowna.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.