Property Attributes
- MLS#946371
- TypeLand
- CityColwood
- AreaColwood
- NeighbourhoodCo Latoria
- Postal CodeV9C 3B6
- StyleLand
- Year Built1976
- Taxes$ 1667
- Price$ 5,000,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1750
- Lot Size3.9 Acres
Data Source:
Victoria Real Estate Board (VREB)
Property Description
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.
General Features
Sewer | Septic System |
---|---|
Heating | Baseboard,Wood |
Cooling | None |
Roof | Wood |
Pets Allowed | Aquariums,Birds,Caged Mammals,Cats,Dogs |
Property SubType | Land |
Carport Spaces | 3 |
Property Type | Residential |
Parking Total | 15 |
Construction Materials | Insulation: Ceiling,Insulation: Walls,Stucco |
Zoning Type | Residential |
Interior Features
Interior Features | Dining Room |
---|---|
Basement | Crawl Space |
Flooring | Carpet |
Fireplace Features | Family Room,Wood Stove |
Fireplaces Total | 2 |
Total Kitchens | 1 |
Fireplace | Yes |
Levels In Unit | 2 |
Window Features | Window Coverings |
Laundry Features | In House |
Living Area Third | 0.00 |
Living Area Second | 600.00 |
Living Area Other | 0.00 |
Living Area Main Bldg | 1750.00 |
Living Area Main | 1150.00 |
Living Area Lower | 0.00 |
Kitchens Count Main Level | 1 |
Building Area Unfinished | 0.00 |
Bedrooms Or Dens Total | 3 |
Bedrooms Count Second Level | 3 |
Bathrooms Count Second Level | 2 |
Bath 4 Piece Total | 1 |
Bath 3 Piece Total | 1 |
Basement Height Feet | 4 |
Exterior Features
Lot Features | Acreage,Central Location,Irregular Lot,Private |
---|---|
Other Structures | Greenhouse,Storage Shed |
Water Source | Well: Drilled |
Parking Features | Carport Triple,Detached,Driveway |
Foundation | Poured Concrete |
Building Area Total | 1750.00 |
Lot Size Square Feet | 169884.00 |
Lot Size Acres | 3.90 |
Carport YN | Yes |
Driveway YN | Yes |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool