$5,000,000
About this Land
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.
Interior Features Of 567 Windthrop, Latoria, Colwood
Dining Room
Other Structures At 567 Windthrop, Latoria, Colwood
Greenhouse, Storage Shed
Lot Features Of 567 Windthrop, Latoria, Colwood
Acreage, Central Location, Irregular Lot, Private
Listed by RE/MAX Camosun.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for Realtors for your convenience.
Disclaimer: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
Features
- MLS®: 946371
- Type: Land
- Bedrooms: 3
- Bathrooms: 2
- Square Feet: 1,750 sqft
- Lot Size: 169,884 sqft
- Taxes: $1,667 (2023)
- Parking: 15 Carport Triple, Detached, Driveway
- Fireplaces: 2
- Year Built: 1976
- Warranty: false