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.
| Address |
567 Windthrop Rd |
| List Price |
$5,000,000 |
| Property Type |
Residential |
| Type of Dwelling |
Land |
| Area |
Colwood |
| Sub-Area |
Co Latoria |
| Bedrooms |
3 |
| Bathrooms |
2 |
| Floor Area |
1,750 Sq. Ft. |
| Lot Size |
169884 Sq. Ft. |
| Year Built |
1976 |
| MLS® Number |
946371 |
| Listing Brokerage |
RE/MAX Camosun
|
| Basement Area |
Crawl Space |
| Postal Code |
V9C 3B6 |
| Tax Amount |
$1,668 |
| Tax Year |
2023 |
| Features |
Baseboard, Carpet, Dining Room, Window Coverings, Wood |
| Amenities |
Acreage, Central Location, Greenhouse, Irregular Lot, Private, Storage Shed |
