$1,350,000

588 Heatherly Rd
MLS® NO: 888483

Description

DEVELOPMENT OPPORTUNITY! This property along with #592, & #584 will be sold together as a "land assembly" with the opportunity for redevelopment/rezoning. These properties offer a total of approximately .57 of an acre or roughly 24,510 sqft of land. Located within the 200 meter "Transit Growth Area" requirement with Colwood, & offering the potential to rezone to a multi use residential with municipal approvals. The Colwood OCP supports (on a case by case basis) ground orientated & low rise buildings up to 4 storeys, & up to 6 stories in some situations, with an FAR ranging up to 2.5. This is a great central location & close to many amenities such as a retail centre right across the street. The total price of this land assembly is $3,310,000. Buyers to verify development/permit approvals through Colwood. Please do not walk the properties without permission.

General

Property Type:Single Family Detached
Title of Ownership:LOT 4 section 69 PLAN 12375, Esquimalt District
Layout:Main Level Entry with Upper Level(s)
Taxes:$3,175
Tax Year:2021
Finished Sq. Ft.:2,140
Year Built:1950

Building Details

Foundation: Poured Concrete
Roof: Asphalt Shingle
Heat/Air: Forced Air, Heat Pump, Oil

Site Influences

Lot SqFt: 10,830
Acres: 0.25
Lot Shape: 95x114
Water: Municipal
Waste: Septic System
Parking: Driveway
Lot Features: Cul-de-sac, Curb & Gutter

Room Dimensions

Main Level

Living Room0x0

Property Details

Beds: 0
Baths: 0
Sq. Feet: 2,140
Year Built: 1950
Property Type: Single Family Detached
Municipality: Colwood

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Listed with:

Jaret Andrews - RE/MAX Camosun