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. Surrounded by 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.
| Property Type | Lots / Acreage |
|---|---|
| Bedrooms | 3 |
| Bathrooms | 2 |
| Floor Space | 1750 |
| Lot Size | 3.9 acres |
| Year Built | 1976 |
| Fireplace | 2 |
| Level 1 Sq Ft | 1150 |
| Level 3 Sq Ft | 600 |
| Lot Size | 169884 square feet |
| Lot Features | Acreage, Central Location, Irregular Lot, Private |
| Basement | Crawl Space |
| Parking | Carport Triple, Detached, Driveway |
| Site Features | Greenhouse, Storage Shed |
| Laundry | In House |
| Cooling | None |
Listing brokerage: RE/MAX Camosun
Listed by: Matt Peulen
RE/MAX Camosun
MLS® System data provided by VREB, ©2024
The above information is from sources deemed reliable, but should not be relied upon without independent verification
MLS® is a trademark owned or controlled by The Canadian Real Estate Association. Used under license.
Website must only be used by consumers for the purpose of locating and purchasing real estate.