5090 Cordova Bay Rd, Saanich, BC V8Y 2K5

$13,500,000
8
BA
10,993
SqFt

Courtesy of Sotheby's International Realty Canada

List Price
$13,500,000
Status
ACTIVE
MLS® #
942890
Property Type
Single Family Residential
Year Built
1922
Style
Other
Total baths
8
Living Area
10,993
Acres
1.30
Lot Size
56,470
District
Saanich
Neighbourhood
Se Cordova Bay

Property Description

Rare opportunity to acquire up to five seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098, 5105 & 5109 Cordova Bay Rd. Located in one of Victoria's most prestigious neighbourhoods, two of the five lots include the former Beach House restaurant, a prime oceanfront landmark that has been the epicentre of the community. With stunning views of the beach, this site offers inherent potential to take advantage of the existing blend of commercial & residential zoning or redevelop the site into higher density, luxury residential accommodation, in step with recent Official Community Plan updates. The 3 remaining lots, currently used for parking across from the restaurant, are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, for up to 4 storeys on two lots that lie within the PGA, & 2 storeys on the remaining lot.These five lots offer future development potential that will help shape the landscape of Cordova Bay.

Additional Information

Layout
Other
Lot Features
Central Location, Near Golf Course, Park Setting, Recreation Nearby, Shopping Nearby, Walk on Waterfront
Heating
Forced Air, Heat Recovery, Natural Gas
Roof
Metal
Parking Spaces
10
Interior Features
Bar
Parking Type
Driveway, On Street
Kitchens
2
Laundry Feature
In House
Taxes
$128,580
Rentals Allowed
Unrestricted
Pets Allowed
Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Mortgage Calculator

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Calculator source: Real Geeks

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