Unimproved Land home located in Colwood
MLS #1050559
Listed by RE/MAX Camosun
- Type: Commercial Sale
- Exterior Features: Balcony/Deck, Fenced,
- Foundation Details: Concrete Perimeter,
- Lot Size: 3.9 acres
- Parking Features: On Site,
- Features: Acreage, Irregular Lot, Park Setting, Private, Recreation Nearby, Rural Setting, Shopping Nearby,
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.