Description

DEVELOPMENT OPPORTUNITY: Discover 3.90 acres of prime development land. The property is within the Neighbourhood Hillside & Shoreline Land Use Designation, a strategic designation that paves the way for increased density and Low-Rise buildings, up to 6 storeys. 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. (id:66096)

Property Details

MLS®: 1050559
Property Type: Vacant Land
Zoning: Unknown
Lot Size: 3.90 acres
Price per Acre: $1,282,051 per acre
Ownership: Freehold
Property Tax: $1,859.08/yr
Listed: 42 days ago

Features

Lot Features: Acreage, Park setting, Private setting, Irregular lot size, Other

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Colwood listings, avg age

64d

List price

$5M

Haho

This vacant land in Colwood has been listed for 42 days, which is 22 days fresher than the city average of 64. Act while there is still low competition.

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$5,000,000

For sale

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Financing

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567 Windthrop Road, Colwood - Vacant Land for Sale