Prime development site in Colwood Corners eighbouring new residential & commercial mixed use development opposite the prestigious Royal Colwood Golf course. This is the heart of Colwood with recreational facilities, shopping, transit and Esquimalt Lagoon close by. The lot is 23,458sqft currently zoned R1 however the OCP is designated Colwood Corners permitting a maximum FAR of 4.5. 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. Older restrictive covenant registered on title restricts development and must be removed to develop - majority of the 13 home owners have agreed to have the restrictive covenant removed. 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 to secure some of the additional properties in the 13 lot 7+ acre subdivision. NOTE: 3 to 4 story townhomes will likely not be supported by the municipality. The seller and his tenant will rent back at market rates. (id:47421)
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Detailed Information
Bedrooms
2
Bathrooms
1
Features
Central location, Level lot, Private setting, Southern exposure, Corner Site, See remarks, Partially cleared, Other, Rectangular
Listing Contract Date
2024-09-20
Municipal ID
005-932-661
Ownership Type
Freehold
# of Parking Spaces
20
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
R1
Zoning
Residential
Building
Constructed Date
1952
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
1
Heating Fuel
Oil
Heating Type
Forced air
Size (Exterior)
2504 square feet
Rooms
Room
Level
Dimensions
Notes
Living room
Main level
Measurements not available
Entrance
Main level
Measurements not available
Eating area
Main level
Measurements not available
Bedroom
Main level
Measurements not available
Kitchen
Main level
Measurements not available
Bedroom
Main level
Measurements not available
Bathroom
Main level
Measurements not available
Land
Total Size
0.54 acres
Size of Irregular Land
0.54
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