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. Surrounded by 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:
Residential
Type:
Land
Year built:
1976
(Age: 48)
Living Area:
1,750 sq. ft.162.58 m2
Main Building Living Area:
1,750 sq. ft.162.58 m2
Listing General Location:
Co Latoria, Colwood
Bedrooms:
3
Bathrooms:
2.0
(Full:-/Half:-)
Lot Size:
3.9 acre(s)1.578 hectare(s)
Kitchens:
1
Taxes:
$1,667.85 /
2023
Construction:
Insulation: Ceiling, Insulation: Walls, Stucco
New Construction:
No
Basement:
Crawl Space
Foundation:
Concrete Perimeter
Roof:
Wood
Levels:
2
Other Structures:
Greenhouse, Storage Shed
Floor finish:
Carpet
Total Building Area:
1,750 sq. ft.162.58 m2
Total Unfinished Area:
0 sq. ft.0 m2
# Bedrooms or Dens Total:
3
# Main Level Bedrooms:
0
# Second Level Bedrooms:
3
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
0
# Second Level Bathrooms:
2
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.0 m2
Living Area Main Floor:
1,150 sq. ft.106.838 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
600 sq. ft.55.742 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
2
Fireplace Details:
Family Room, Wood Burning Stove
Laundry Features:
In House
Water supply:
Well: Drilled
Sewer:
Septic System
Cooling:
None
Heating:
Baseboard, Wood
Fireplace:
Yes
Warranty:
No
Dining Room
Window Coverings
Wishart Rd to Windthrop
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Living Room
26'7.92 m × 16'4.88 m
Main Floor
Kitchen
11'3.35 m × 9'2.74 m
Main Floor
Dining Room
15'4.57 m × 12'3.66 m
2nd Floor
Bedroom
12'3.66 m × 7'2.13 m
2nd Floor
Bedroom
13'3.96 m × 12'3.66 m
2nd Floor
Bedroom - Primary
18'5.49 m × 12'3.66 m
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
4-Piece
2nd Floor
No
3
3-Piece
Assessed:
305225.0
Assessment year:
2023
Jurisdiction name:
City of Colwood
Legal Description:
LOT 1, PLAN VIP11696, SECTION 61, ESQUIMALT LAND DISTRICT, EXCEPT PLAN 27893 35943 41721
Data was last updated September 14, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,175,000
Min list price:
$399,900
Max list price:
$5,000,000
Avg days on market:
46
Min days on market:
3
Max days on market:
331
Avg price per sq.ft.:
$548.69
These statistics are generated based on the current listing's property type
and located in
Co Latoria. Average values are
derived using median calculations.