Prime development site in Colwood Corners neighbouring new residential & commercial mixed use development opposite the prestigious Royal Colwood Golf course and positioned on the Transit Growth Corridor. This is the heart of Colwood with recreational facilities, shopping, transit and Esquimalt Lagoon close by. The lot is 23,458sqft zoned R1 however the OCP is designated Colwood Corners permitting a maximum FAR of 4.5. The municipality is focusing the highest density along the Sooke Road, Goldstream and Wale Road corridor with recent approvals in excess of 30+ story buildings. The property offers approximately 195'83 feet frontage along Colwood Crescent and 99'76 feet frontage along Sooke Road with rear road frontage. Older restrictive covenant registered on title restricts development and must be removed to develop. NOTE: 3 to 4 story townhomes will not be supported by the municipality. The seller and his tenant will rent back at market rates.
Layout Rancher
Lot features Central Location, Cleared, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Level, Near Golf Course, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk, Southern Exposure, See Remarks
Heating Forced Air, Oil
Flooring Mixed
Roof Asphalt Shingle
Parking Spaces 20
Exterior features Balcony/Patio, Fencing: Partial, Garden, Lighting, Low Maintenance Yard
Interior features Dining Room, Eating Area, Storage
Additional AccomodationNone
Parking Type Additional Parking, Attached, Driveway, Garage, Guest, Open, RV Access/Parking
Kitchens1
Laundry FeatureIn House
Fireplace DescriptionWood Burning
Taxes$3,345
Rentals Allowed Unrestricted
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Days on Market257