Main Photo: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 1: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 2: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 3: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
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Photo 7: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
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Photo 12: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
980151
DEVELOPMENT OPPORTUNITY: Discover 3.90 acres of prime development land. The property finds itself within the Neighbourhood Hillside & Shoreline Land Use Designation, a strategic zoning that paves the way for increased density and Low-Rise buildings, up to 6 storeys. The Floor Space Ratio (FSR) is set at an advantageous 1.2:1, inviting imaginative possibilities for development. The property presents a promising opportunity for developers. Adjacent to Havenwood Park and multi-family zoned properties. It stands as a prime example of the region's potential for higher density development, growth, and prosperity. The options for redevelopment are vast, making it an attractive investment in a thriving community. This expansive parcel currently includes a 3-bedroom home, a workshop, and various outbuildings for potential rental revenue.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
Co Latoria, Colwood
Bathrooms:
- (Full:-/Half:-)
Lot Size:
3.9 acre(s)
Taxes:
$1,667.85 / 2023
Construction:
Frame Wood, Insulation All
Foundation:
Concrete Perimeter
Electricity:
Yes
Commercial Area:
Western Communities
Water supply:
Well: Drilled
Sewer:
Septic System
Fireplace:
No
Balcony/Deck, Fenced
Wishart Rd to Windthrop Rd.
Main Level
0
Yes
No
Unrestricted
Assessed:
299625.0
Assessment year:
2024
Jurisdiction name:
City of Colwood
Legal Description:
LOT 1, PLAN VIP11696, SECTION 61, ESQUIMALT LAND DISTRICT, EXCEPT PLAN 27893 35943 41721
Occupancy:
Owner
Utilities:
Electricity Connected
Lot Site Features:
Acreage, Irregular Lot, Park Setting, Private, Recreation Nearby, Rural Setting, Shopping Nearby
Parking Features:
On Site
Total Units:
1
Date Listed:
Nov 04, 2024
Original Price:
5000000.0
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Listed by RE/MAX Camosun
Data was last updated December 14, 2024 at 02:05 PM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.