Description
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.
Details
Updated on October 19, 2023 at 10:54 am- Property ID: 500580
- Price: $5,000,000
- Property Size: 1750.00 SqFt
- Land Area: 3.90 Acres
- Bedrooms: 3
- Bathrooms: 2
- Garages: 15
- Year Built: 1976
- Property Type: Single Family Detached
- Property Status: For Sale
- Living Area: 1750.00
- MLS#: 946371
- Office Name: RE/MAX CAMOSUN
- Agent Name: Matt Peulen
- MLS Status: Active
- Living Area Prefix: SqFt
- District: Capital Regional District
- Land Size: 169884.00
- Parking Type: Carport Triple,Detached,Driveway
Additional details
- List Date: 2023-10-19
- List Office MLSID: 17
- List Agent MLSID: 5951
- Property Type: Residential
- 3pc Bath: 1
- 4pc Bath: 1
- Tax Annual Amount: 1667.85
- Tax Assessed Value: 305225
- Tax Assessed Year: 2023
- Tax Book Number: 5125000
- Tax Jurisdiction: City of Colwood
- Tax Legal Description: LOT 1, PLAN VIP11696, SECTION 61, ESQUIMALT LAND DISTRICT, EXCEPT PLAN 27893 35943 41721
- Tax Year: 2023
- Flooring: Carpet
- Basement Type: Crawl Space
- Lot Features: Acreage,Central Location,Irregular Lot,Private
- Foundation Type: Poured Concrete
- Cooling: None
- Heating: Baseboard,Wood
- Exterior Finish: Insulation: Ceiling,Insulation: Walls,Stucco
- Roof: Wood
- Sewer: Septic System
- Water Source: Well: Drilled
- Fireplaces Total: 2
- Fireplace Features: Family Room,Wood Stove
- Laundry Features: In House
- Interior Features: Dining Room
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