- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 980151
- Photos (12)
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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.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Co Latoria, Colwood
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 3.9 acre(s)
- Taxes:
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- Construction:
- Frame Wood, Insulation All
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Ceiling Heights:
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- Commercial Area:
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- Water supply:
- Well: Drilled
- Sewer:
- Septic System
- Fireplace:
- No
- Pending Date:
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- Balcony/Deck, Fenced
- Wishart Rd to Windthrop Rd.
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Colwood
- Legal Description:
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- Utilities:
- Electricity Connected
- Lot Site Features:
- Acreage, Irregular Lot, Park Setting, Private, Recreation Nearby, Rural Setting, Shopping Nearby
- Parking Features:
- On Site
- Total Units:
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- Date Listed:
- Nov 04, 2024
- Original Price:
- 5000000.0
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Listed by RE/MAX Camosun
Data was last updated April 5, 2025 at 10:05 PM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $2,450,000
- Min list price:
- $650,000
- Max list price:
- $8,900,000
- Avg days on market:
- 134
- Min days on market:
- 22
- Max days on market:
- 212
These statistics are generated based on the current listing's property type
and located in
Colwood. Average values are
derived using median calculations.
- CHRISTINA STACK
- StackHaus Realty Inc.
- 1 (250) 8576659
- Contact by Email