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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:24212)
Full Address:
567 Windthrop Road, Colwood, British Columbia
Price:
$ 5,000,000
MLS Number:
980151
List Date:
November 5th, 2024
Neighbourhood:
Latoria
Lot Size:
3.9 ac
Taxes:
$ 1,668
Ownership Type:
Freehold

Property Specifications

Interior Features

Zoning:
Unknown

Building Features

Floors

Lot Size:
3.9 ac
Lot Features:
Acreage, Park setting, Private setting, Irregular lot size, Other

Land

Neighbourhood Features

Ratings

Commercial Info

Number of Units:
1

Location

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Neighbourhood Details

Agent: Matt PeulenBrokerage: RE/MAX Camosun Phone: 250-589-5991

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