Prime development site in Colwood Corners neighbouring new residential & commercial mixed use development opposite the prestigious Royal Colwood Golf course and positioned on the Transit Growth Corridor. This is the heart of Colwood with recreational facilities, shopping, transit and Esquimalt Lagoon close by. The lot is 23,458sqft 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. NOTE: 3 to 4 story townhomes will not be supported by the municipality. The seller and his tenant will rent back at market rates.
Property Type:
Residential
Type:
Land
Year built:
1952
(Age: 72)
Living Area:
1,252 sq. ft.116.315 m2
Listing General Location:
Co Colwood Corners, Colwood
Bedrooms:
2
Bathrooms:
1.0
(Full:-/Half:-)
Lot Size:
0.539 acre(s)0.218 hectare(s)
Kitchens:
1
Building Features:
Transit Nearby, See Remarks
Construction:
Frame Wood, Glass
New Construction:
No
Basement:
Crawl Space
Foundation:
Concrete Perimeter
Electricity:
Yes
Roof:
Asphalt Shingle
Floor finish:
Mixed
Total Building Area:
2,504 sq. ft.232.629 m2
Total Unfinished Area:
1,252 sq. ft.116.315 m2
# Bedrooms or Dens Total:
2
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.0 m2
Living Area Main Floor:
1,252 sq. ft.116.315 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
0 sq. ft.0 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
1
Fireplace Details:
Wood Burning
Laundry Features:
In House
Water supply:
Municipal, To Lot, Well: Shallow
Sewer:
Sewer Connected, Sewer To Lot
Additional Accommodations:
None
Cooling:
None
Heating:
Forced Air, Oil
Fireplace:
Yes
Warranty:
No
Dryer, F/S/W/D, Oven/Range Electric, Range Hood, Refrigerator, Washer
Data was last updated October 31, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
203
Avg list price:
$950,000
Min list price:
$299,999
Max list price:
$2,500,000
Avg days on market:
56
Min days on market:
1
Max days on market:
652
Avg price per sq.ft.:
$543.05
These statistics are generated based on the current listing's property type
and located in
Colwood. Average values are
derived using median calculations.
Built in 2015, this 5-bedroom 3-bathroom home with 2-bedroom legal suite is a fantastic opportunity to own a property that offers both comfort and investment...
Listed by Royal LePage Nanaimo Realty (NanIsHwyN), sold on April, 2024