2.87-acre turn-key mobile home park with development potential
The subject property is currently operating as a mobile home park along Lougheed Highway in Mission. This site has an OCP compliant commercial designation which permits various commercial uses and allows for up to 4 storeys and a density of 2.0 FSR. The current use as a mobile home park is grandfathered, but the City of Mission would encourage change to commercial zoning.
There are a total of 26 fully leased pads all on a month-to-month basis. Great holding income during the rezoning process (approx $181,546 NOI).
Under current conditions, the rezoning and DP process for a commercial project run concurrently. As such, a 6-8 month timeline is anticipated for a project to get to Council for rezoning.