Overlooking Back Bay and just minutes from downtown Yellowknife, Niven Lake Phase V offers a beautiful natural setting with excellent development potential. Niven Lake Phase V is zoned R2 - Medium Density Residential and is intended for duplex, multi-attached (townhomes), and multifamily (apartments) dwellings. An extensive natural trail system, including the Niven Lake Trail, family parks, and natural green space represent just a few features of this location.
On May 9, 2016 City Council motion #0103-16 passed the following:
Payment Plan
Provide payment plans for developments of 15 or more units, not exceeding 3 years.
Purchase Price Discount
15% reduction on the purchase price of Lots 11- 12, Block 307 and Lot 94, Block 308.
Increased Density
Increase the densities of Lot 94, Block 308 and Lot 11, Block 307 from 14 to 20 units, and Lot 12, Block 307 from 48 to 49 units.
| Block | Lot | Area (m2) | Area (ft2) | Purchase Price |
|---|---|---|---|---|
|
307 |
11* |
3,371 |
36,285 |
$700,000 |
|
308 |
116* |
3,409 |
36,701 |
$840,000 |
Additional Information for Niven Lake Phase V Residential Development
- Site Specific Factors
- Traffic Impact Study
- Zoning By-law No. 5045 - see Section 10.2 to learn more about R2 - Medium Density Residential Zoning.
* Please note the Purchase Price is inclusive of the 15% discount on all lots mentioned above.
Please contact the Department of Planning and Development at (867) 920-5614 or landforsale@yellowknife.ca for more information.