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$ 5,000,000
Est. payment | /mo
3.9 Acres Lot
$ 5,000,000
Est. payment | /mo
3.9 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Latoria
MLS® Listing ID 980151
Originating Board Victoria Real Estate Board
Lot Size 3.900 Acres
Acres 169884.0
Property Sub-Type Freehold
Property 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. (id:24570)
Location
Province BC
Zoning Unknown
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by RE/MAX Camosun
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Gabriela Humeniuk
Real Broker