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Pemberton development site sold for nearly three times its value

A 1.12-acre site with commercial or residential development potential sold for $1.5 million
pemberton land
 
A Pemberton development has sold for $1.5 million, William Wright Commercial tells Western Investor. 
 
The 1.12 acres is zoned for commercial or residential development. The C3 zoning allows for apartment, townhome, hotel, office, entertainment, or restaurant development. The site is a fully-serviced cul-de-sac surrounded by residential and commercial properties, with exceptional views of Mount Currie. The property was listed for $1.75 million and has an assessed value of $583,000. 
 
The property is located at 7360 Crapapple Court, Pemberton. 
 

Breakdown: 

 
Price: $1,500,000
Lot Size: 48,975 SF
Property Type: Land  
Zoning: C3
2016 B.C. Assessment Value: $583,000
City: Pemberton 
Province: B.C. 
Name of Brokerage: William Wright Commercial 
 

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