PRIME DEVELOPMENT SITE IN COLWOOD CORNERS neighbouring new residential & commercial mixed use development opposite the prestigious Royal Colwood Golf course. ALL restrictive covenants have been REMOVED and the site is now ready for your development proposal. This is the heart of Colwood with recreational facilities, shopping, transit, sports fields and Esquimalt Lagoon close by. The lot is 23,458sqft currently zoned R1 however the OCP is designated COLWOOD CORNERS & TRANSIT ORIENTED CORRIDOR permitting higher density 4.5 FAR. 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 along Colwood Crescent.
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 for high density development. The seller and his tenant will rent back at market rates for an agreed upon time. NOTE: BUYERS MUST DO THEIR OWN DUE DILIGENCE RE DEVELOPMENT BEFORE SUBMITTING AN OFFER. 3-4 story townhomes will likely not be supported by the municipality
Address
Lot1-legal Sooke Rd
List Price
$2,200,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
sale
Area
Colwood
Sub-Area
Co Colwood Corners
Lot Size
23478 Sq. Ft.
Lot Size (Acres)
0.54 Ac.
MLS® Number
1012424
Listing Brokerage
Macdonald Commercial Real Estate Services Ltd.
Postal Code
V9B 1W1
Tax Amount
$3,676.00
Tax Year
2024
Features
Carpet, Forced Air, Hardwood, Linoleum, Oil, Tile
Amenities
Adult-Oriented Neighbourhood, Central Location, Cleared, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Level, Low Maintenance Yard, Near Golf Course, Recreation Nearby, Rectangular Lot, See Remarks, Serviced, Shopping Nearby, Sidewalk, Sign: Allowed, Storefront
