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1919 Sooke Rd 0.54 Acres of Residential Land Offered at $2,200,000 CAD in Victoria, BC V9B 1V9
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $2,200,000 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.54 AC |
| Property Type | Land | ||
| Zoning | TBD - OCP designation is Colwood Corners | ||
| Price | $2,200,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.54 AC |
| Zoning | TBD - OCP designation is Colwood Corners |
1 LOT AVAILABLE
Lot
| Price | $2,200,000 CAD | Lot Size | 0.54 AC |
| Price Per AC | $4,085,255.57 CAD |
| Price | $2,200,000 CAD |
| Price Per AC | $4,085,255.57 CAD |
| Lot Size | 0.54 AC |
Prime development site in Colwood Corners neighbouring new residential & commercial mixed use development opposite the prestigious Royal Colwood Golf course. This is the heart of Colwood deemed to be the city centre & main transit centre of Colwood.
DESCRIPTION
Prime development site in Colwood Corners neighbouring new residential & commercial mixed use development opposite the prestigious Royal Colwood Golf course. This is the heart of Colwood with recreational facilities, shopping, transit and Esquimalt Lagoon close by. The lot is 23,458sqft currently zoned R1 however the OCP is designated Colwood Corners permitting a maximum FAR of 4.5. The municipality is focusing the highest density along the Sooke Road, Goldstream and Wale Road corridor with recent approvals in excess of 30+ story buildings. The property offers approximately 195'83 feet frontage along Colwood Crescent and 99'76 feet frontage along Sooke Road with rear road frontage. Older restrictive covenant registered on title restricts development and must be removed to develop - majority of the 13 home owners have agreed to have the restrictive covenant removed. FUTURE DEVELOPMENT MAY PROVIDE FOR UNOBSTRUCTED OCEAN VIEWS FROM UNITS ABOVE 3 OR 4 STORIES. RARE OPPORTUNITY to secure your future development site in the HEART of Colwood with future potential to secure some of the additional properties in the 13 lot 7+ acre subdivision. NOTE: 3 to 4 story townhomes will likely not be supported by the municipality. The seller and his tenant will rent back at market rent. Some vendor financing is available for a qualified buyer with a substantial down payment.
Presented by
Macdonald Realty Victoria
1919 Sooke Rd
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