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Listing by Jaideep Pannu Colliers
$5,800,000
Est. payment /mo
1.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1040149
HOA Y/N No
Annual Tax Amount $11,860
Tax Year 2025
Lot Size 1.250 Acres
Acres 1.25
Property Sub-Type Unimproved Land
Property Description
The approved development plans contemplate a six-storey, purpose-built rental building comprising 38 units, alongside a five-storey condominium building consisting of 34 units, which may also be converted to market
rental. The Property benefits from being under the 2018 BC Building
Code.Sooke Road has been identified as a growth area and transit corridor in the Colwood Official
Community Plan providing accessibility and visibility and proximity to a wide range of urban amenities. With zoning
and Development Permit in place, the Property represents a well-located mid-rise project. All key services, including sewer, water, hydro, and telecommunications, are
available on the property line. In
addition, Development Cost Charges
(DCCs) have been paid by the Vendor,
representing a significant value
enhancement for the purchaser. The
Vendor has the flexibility to separate
the two proposed building and sell
individually or as a package.
rental. The Property benefits from being under the 2018 BC Building
Code.Sooke Road has been identified as a growth area and transit corridor in the Colwood Official
Community Plan providing accessibility and visibility and proximity to a wide range of urban amenities. With zoning
and Development Permit in place, the Property represents a well-located mid-rise project. All key services, including sewer, water, hydro, and telecommunications, are
available on the property line. In
addition, Development Cost Charges
(DCCs) have been paid by the Vendor,
representing a significant value
enhancement for the purchaser. The
Vendor has the flexibility to separate
the two proposed building and sell
individually or as a package.
Location
Province BC
County Capital Regional District
Community Co Hatley Park
Area Colwood
Zoning CD25
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
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