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1544 Christmas Av 0.25 Acres of Residential Land Offered at $1,550,000 CAD in Victoria, BC V8P 2X2
Investment Highlights
- Generally level site
- Close proximity to amenities
- Favourable Official Community Plan designation supporting multifamily development density
- Desirable central location
- Fronting a quiet local street with good access
- Desirable condominium or purpose-built rental location
Executive Summary
The subject site is well located just off the intersection of Cedar Hill Cross Road and Shelbourne Street. The area is within walking distance to a diverse mix of commercial amenities at the corner of Cedar Hill Cross Road and Shelbourne Street, as well as McKenzie St and Shelbourne St. The residential makeup in the area is predominantly single-family dwellings balanced with medium-density apartment and condominium units in the immediate area and along arterial corridors. This area is popular with renters as it benefits from the favourable bus routes directly to the University of Victoria along McKenzie and Cedar Hill Cross. Its central suburban location makes for an easy commute to Victoria’s downtown core, the Saanich Peninsula, and the Westshore.
Property Facts
| Price | $1,550,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 0.25 AC |
| Zoning | RA-12 - Apartment Zone | ||
| Price | $1,550,000 CAD |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.25 AC |
| Zoning | RA-12 - Apartment Zone |
1 Lot Available
Lot
| Price | $1,550,000 CAD | Lot Size | 0.25 AC |
| Price Per AC | $6,200,000.00 CAD |
| Price | $1,550,000 CAD |
| Price Per AC | $6,200,000.00 CAD |
| Lot Size | 0.25 AC |
Saanich East development or owner-user opportunity on Christmas Avenue. Established residential setting with convenient access to shopping, schools, services, and major transportation routes throughout Greater Victoria.
Description
The Subject property is identified in a Primary Growth Area (Village) and is surrounded by recently approved and legacy multifamily properties. Saanich’s current OCP speaks to mid-rise buildings of up to 4-storeys in this location. There is a lapsed
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
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1544 Christmas Av
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