Multi Family located in Colwood - Co Latoria, V9C 3B6
sqft, Beds, Baths
Listed by Matt PeulenRE/MAX Camosun - Listed On: November 4, 2024
- Type: Commercial Sale
- Exterior Features: Balcony/Deck, Fenced,
- Foundation Details: Concrete Perimeter,
- Lot Size: 3.9 acres
- Parking Features: On Site,
- Features: Acreage, Irregular Lot, Park Setting, Private, Recreation Nearby, Rural Setting, Shopping Nearby,
Description
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.