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.
| Address |
567 Windthrop Rd |
| List Price |
$5,000,000 |
| Property Type |
Commercial Sale |
| Type of Dwelling |
Multi Family |
| Area |
Colwood |
| Sub-Area |
Co Latoria |
| Lot Size |
169884 Sq. Ft. |
| Lot Size Acres |
3.9 Ac. |
| MLS® Number |
980151 |
| Listing Brokerage |
RE/MAX Camosun
|
| Postal Code |
V9C 3B6 |
| Tax Amount |
$1,668 |
| Tax Year |
2023 |
| Amenities |
Acreage, Balcony/Deck, Fenced, Irregular Lot, Park Setting, Private, Recreation Nearby, Rural Setting, Shopping Nearby |
