0 bedroom | 0 bathroom | 31,363 sqft lot | $229,000
This 0.72-acre unserviced lot is prime for multi-family development, backed by solid ground conditions and dense subsoil. The unique sloped topography offers both stunning views and creative architectural opportunities. A preliminary geotechnical report is already complete, confirming the site is safe for construction using engineered foundations or retaining walls to maximize the buildable footprint. Currently zoned R-I, the property includes two professionally designed rezoning concepts: a high-density 30-unit apartment building with three levels of underground parking, or an exclusive 8-unit luxury townhouse complex. Services are conveniently located just down the road from the northeast of the property.
Central Location, Corner Lot
Listed by Royal LePage Advance Realty.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Jahelka Real Estate Group for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the VIREB Vancouver Island Real Estate Board which assumes no responsibility for its accuracy. Trademark owned or controlled by The Canadian Real Estate Association. Used under license.