567 Windthrop Rd, Colwood, BC V9C 3B6

$5,000,000
3
BD
2
BA
1,750
SqFt

Courtesy of RE/MAX Camosun

List Price
$5,000,000
Status
ACTIVE
MLS® #
946371
Property Type
Land
Year Built
1976
Style
2 Storey-Main Lev Ent
Bedrooms
3
Total baths
2
Living Area
1,750
Acres
3.90
Lot Size
169,884
District
Colwood
Neighbourhood
Co Latoria

Property Description

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.

Additional Information

Layout
Main Level Entry with Upper Level(s)
Lot Features
Acreage, Central Location, Irregular Lot, Private
Heating
Baseboard, Wood
Flooring
Carpet
Roof
Wood
Parking Spaces
15
Interior Features
Dining Room
Parking Type
Carport Triple, Detached, Driveway
Kitchens
1
Laundry Feature
In House
Fireplace Description
Family Room, Wood Burning Stove
Taxes
$1,667
Rentals Allowed
Unrestricted
Pets Allowed
Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

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