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$5,000,000
Est. payment /mo
3.9 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 980151
Rental Info Unrestricted
Annual Tax Amount $1,667
Tax Year 2023
Lot Size 3.900 Acres
Acres 3.9
Property Sub-Type Multi Family
Property 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. 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.
Location
Province BC
County Capital Regional District
Area Colwood
Direction Wishart Rd to Windthrop Rd.
Exterior
Exterior Feature Balcony/Deck, Fenced
Parking On Site 1
Utilities Available Electricity To Lot
Building
Lot Description Acreage, Irregular Lot, Park Setting, Private, Recreation Nearby, Rural Setting, Shopping Nearby
Foundation Poured Concrete
Sewer Septic System
Water Well: Drilled
Structure Type Frame Wood,Insulation All
Others
Pets Allowed Yes
Tax ID 000-786-764
Ownership Freehold
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Listed by RE/MAX Camosun