Lot1 Sooke Rd, Colwood, BC V9B1W1 – 977096 - Katie Van Nes

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Katie Van Nes

katie@mostreferred.expert +1(604) 855-8228

$ 2,100,000

Est. payment | -/mo

0.54 Acres Lot

Save

$ 2,100,000

Est. payment | -/mo

Save

0.54 Acres Lot

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Colwood Corners

MLS® Listing ID 977096

Originating Board Vancouver Island Real Estate Board

Year Built 1952

Lot Size 0.540 Acres

Acres 23522.4

Property Sub-Type Freehold

Property Description

Prominently positioned high visibility future development site or holding property at 1919 Sooke Rd in Colwood neighbouring the newly constructed mixed use Colwood Corners. offering retail, commercial and multi-family high density residential. The subject property is comprised of an older rancher on a 23,458.27 sqft lot with triple road frontage, city services, zoned R1 single family residential however the OCP (Official Community Plan) is designated Colwood Corners permitting mixed use development with a maximum FAR of 4.5 and this location is designated Transit Corridor. Colwood will not accept small scale development on this site. They wish to see 8+ to 30 stories on this location. The upper units above the 4th floor should offer ocean and city views. The municipality is focusing the highest density along the Sooke Road, Goldstream and Wale Road corridor in Colwood. The property offers approximately 195.83 feet frontage along Colwood Crescent and 99.76 feet frontage along Sooke Road and Jerome. Buyers must do their own due diligence with the municipality in regards to future development. There are 13 properties including this one tied to the restrictive covenant preventing development. 10 of the 13 property owners have signed off on the covenant registered on title. The seller will consider carrying substantial financing for a buyer with a reasonable down payment over 2 to 5 years depending on the terms. (id:24570)

Location

Province BC

Zoning Unknown

Rooms

Kitchen 0.0

Interior

Heating Forced air,

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 20

Private Pool No

Others

Ownership Freehold

Listed by Royal LePage Nanaimo Realty (NanIsHwyN)

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+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

Lot1 Sooke Rd Colwood, BC V9B1W1