$1,250,000
For more information regarding the value of a property, please contact us for a free consultation.
0.74 Acres Lot
SOLD DATE : 06/21/2021
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 873561
Sold Date 06/21/21
Rental Info Unrestricted
Annual Tax Amount $2,633
Tax Year 2019
Lot Size 0.740 Acres
Acres 0.74
Property Description
Rare opportunity to obtain a high profile, level site in North Saanich zoned Single Family Residential with an existing 2 story home with suites and a 4 car garage. Potential for great rents. Currently seller occupied & some TLC needed. The site is designated 'Multi-Family Affordable Residential' in the OCP, defined as 15 t/h per acre; 30/condo units per acre to 3 storeys or SF lots from 4000 to 6000sqft. This unique zoning offers potential to rezone to condos or townhomes in an area demanding higher residential density. The location is within a 5 minute drive to downtown Sidney, beaches, and the Victoria International Airport; 10 minute drive to the Swartz Bay Ferry to the lower mainland and 20 minute drive to downtown Victoria. One block from the site is a brand new small lot single family subdivision with homes ranging in price from $850,000 to over a $1mm. Buyers must do their own due diligence with the local municipality regarding development.
Location
Province BC
County Capital Regional District
Area Ns Bazan Bay
Zoning R2
Interior
Heating Baseboard, Electric
Flooring Hardwood, Mixed, Tile
Exterior
Exterior Feature Fencing: Full, Garden
Parking On Site 1
Utilities Available Cable Available, Cable To Lot, Compost, Electricity Available, Electricity To Lot, Garbage, Phone Available, Phone To Lot, Recycling, See Remarks
Building
Lot Description Acreage, Central Location, Cleared, Corner, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Private, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk, See Remarks
Foundation Slab
Sewer Sewer To Lot
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Walls,Wood
Others
Restrictions Unknown
Tax ID 001-394-584
Ownership Freehold
Acceptable Financing Must Be Paid Off
Listing Terms Must Be Paid Off
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Royal LePage Coast Capital - Oak Bay