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. Adjacent to Havenwood Park and 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.
Data was last updated June 23, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,590,000
Min list price:
$615,000
Max list price:
$5,000,000
Avg days on market:
103
Min days on market:
24
Max days on market:
363
These statistics are generated based on the current listing's property type
and located in
Colwood. Average values are
derived using median calculations.