Single Family Residence located in Central Saanich - CS Island View, V8M 1Y3
sqft, 0 Beds, 0 Baths
- Listed On: November 4, 2022
- Type: Residential
- Heating: Other,
- Foundation Details: Concrete Perimeter,
- Lot Size: 1.24 acres
- Total Parking: 4
Description
This is a unique property. 2 lots with 2 houses in a prime residential/development area of Central Saanich. Current zoning is R-1 large Lot Single Family Residential, however a recent study concluded: "it is assumed that re-zoning to a comprehensive development zone similar to the R-1XS zone is reasonably probable, as the potential development scenario does comply with relevant OCP designations and guidelines." Both houses are vacant and could represent an income stream until the redevelopment of the property is likely. Nominal value attributed to the current improvements as it is assumed they will be demolished in the future. Houses will not be sold separately - must be sold together.