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)1.58 hectare(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