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.
Address
567 Windthrop Rd
List Price
$5,000,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Area
Colwood
Sub-Area
Co Latoria
Lot Size
169884 Sq. Ft.
Lot Size (Acres)
3.9 Ac.
MLS® Number
980151
Listing Brokerage
RE/MAX Camosun
Postal Code
V9C 3B6
Tax Amount
$1,668.00
Tax Year
2023
Amenities
Acreage, Balcony/Deck, Fenced, Irregular Lot, Park Setting, Private, Recreation Nearby, Rural Setting, Shopping Nearby
