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2415 Sooke Rd & 3270 Fulton Rd
Colwood, BC V9B 1X9
Multi-Family Development Opportunity · Land For Sale
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1.29 AC
INVESTMENT HIGHLIGHTS
- Located in a rapidly-growing area offering significant growth potential and high household incomes.
- Opportunity to develop in an area marked for densification by the municipality with nearby developments already in progress.
- These two adjoining parcels of development land include frontage and access on Sooke Road & Fulton Road.
- Favourable local area plan that supports higher density for development in strategic locations situated in Transit Growth Areas.
EXECUTIVE SUMMARY
CBRE Victoria’s Investment Properties Group is pleased to present the opportunity to acquire 2 adjoining parcels of development land totalling 56,192 Sq. Ft. steps from the corner of Veterans Memorial Pkwy & Sooke Road in Colwood, BC.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1
| Price | $3,950,000 CAD | Lot Size | 1.29 AC |
| Price Per AC | $3,062,015.50 CAD |
| Price | $3,950,000 CAD |
| Price Per AC | $3,062,015.50 CAD |
| Lot Size | 1.29 AC |
1.29 acres of level, previously-developed land for redevelopment.
DESCRIPTION
Both residential parcels have tenanted single family homes providing purchasers with holding income. The Property is situated in a Transit Growth Area, which allows for increased densification. This has resulted in several development applications and rezonings in close proximity to the property. Colwood offers an array of shopping amenities, as well as convenient vehicular access to highways running East-West to Victoria, as well as North to the Upper Island.
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