Prime panoramic ocean view 1.074 acre ridge property zoned RM-2 (multi family). A truly unique and one of a kind offering for sale. The property is entered via Passage View Drive; 175 feet wide and 284 feet deep. A large portion is flat prime real estate offering excellent panoramic views of Discovery Passage and surrounding Islands, which extends down the embankment to the Island Highway. Currently there is a 1960s townhouse complex earning $3759/ per month rent (5 rental units in total with carports). Plus a large detached shop. Possibility to subdivide and place 2 or 3 single family ocean view homes. Or the other option is to build a multi family development, suggesting a high end development targeting retirees seeking prime ocean view. Note there is a riparian zone at the far East side of the lot where Simms Creek runs parallel to the Island Highway. Historically a bridge existed across the creek allowing residents to cross over to the Sea Walk.
Listed by RE/MAX Check Realty.
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