Prime development site in Colwood Corners eighbouring 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 rates.
Address
1919 Sooke Rd
List Price
$2,100,000
Property Type
Residential
Type of Dwelling
Land
Area
Colwood
Sub-Area
Co Colwood Corners
Bedrooms
2
Bathrooms
1
Floor Area
1,252 Sq. Ft.
Lot Size
23458 Sq. Ft.
Lot Size (Acres)
0.53 Ac.
Year Built
1952
MLS® Number
977129
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Basement Area
Crawl Space
Postal Code
V9B 1W1
Tax Amount
$3,345.00
Tax Year
2022
Features
Dining Room, Dryer, Eating Area, F/S/W/D, Forced Air, Mixed, Oil, Oven/Range Electric, Range Hood, Refrigerator, Storage, Washer
Amenities
Accessible Entrance, Balcony/Patio, Central Location, Cleared, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Garden, Ground Level Main Floor, Level, Lighting, Low Maintenance Yard, Near Golf Course, No Step Entrance, Primary Bedroom on Main, Private, Quiet Area, Recreation Nearby, Rectangular Lot, See Remarks, Serviced, Shopping Nearby, Sidewalk, Southern Exposure, Wheelchair Friendly
