521 Normandy Rd.

$1,585,000

LAND ASSEMBLY ADJACENT ROYAL OAK TRANSIT EXCHANGE

Single Family Residence located in Saanich West - SW Royal Oak, V8Z 3J3

2119 sqft, 4 Beds, 3 Baths
MLS #968580 Listed by Jason LeslieRE/MAX Generation
  • Listed On: June 25, 2024
  • Built in: 1946
  • Type: Residential
  • Style: Character,
  • Interior Features: Dining/Living Combo, Workshop,
  • Exterior Features: Fencing: Partial,
  • Cooling: None,
  • Heating: Baseboard, Forced Air, Oil,
  • Fireplaces: 1
  • Flooring: Array
  • Appliances: Dishwasher, F/S/W/D,
  • Basement: Partially Finished,
  • Foundation Details: Concrete Perimeter,
  • Lot Size: 0.17 acres
  • Total Parking: 4
  • Parking Features: Driveway, RV Access/Parking,
  • Features: Central Location, Easy Access, Family-Oriented Neighbourhood, Irregular Lot, Landscaped, Level, Private, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby,
  • Zoning: RS 8

Description

LAND ASSEMBLY ADJACENT TO THE BC TRANSIT - ROYAL OAK BUS EXCHANGE. 4580 ELK LAKE DRIVE + 521 NORMANDY ROAD = 16,682 SQ FT / 0.383 ACRES. THE SITE BORDERS ROAYL OAK DR / ELK LAKE DRIVE / NORMANDY RD. IT IS JUST STEPS AWAY FROM THE BUS EXCHANGE + COMMONWEALTH PLACE AND THE BROADMEAD VILLAGE SHOPPING PLAZA ARE CLOSE BY. THIS SITE IS BEING SOLD FOR DEVELOPMENT POTENTIAL DUE TO BILL 47 SUGGESTING 3.5 (FAR) MID RISE BLD UP TO 10 STOREYS. THERE IS THE ADDED BENEFIT OF COLLECTING RENTAL REVENUE IN THE INTERIM DURING THE REDEVELOPMENT STAGES. AN EXCELLENT LOCATION FOR THE CREATION OF MUCH NEEDED AFFORDABLE HOUSING IN VICTORIA. COMBINED PRICE OF: $3.6M

Location

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