$5,000,000

567 Windthrop Rd
MLS® NO: 980151

Description

DEVELOPMENT OPPORTUNITY: Discover 3.90 acres of prime development land. The property finds itself within the Neighbourhood Hillside & Shoreline Land Use Designation, a strategic zoning that paves the way for increased density and Low-Rise buildings, up to 6 storeys. The Floor Space Ratio (FSR) is set at an advantageous 1.2:1, inviting imaginative possibilities for development. The property presents a promising opportunity for developers. Adjacent to Havenwood Park and 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.

General

Property Type:Multi Family
Taxes:$1,668
Tax Year:2023

Site Influences

Lot SqFt: 169,884
Acres: 3.90
Water: Well: Drilled
Waste: Septic System

Property Details

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Listed with:

Matt Peulen
RE/MAX Camosun
Phone: 250-589-5991
Fax: 250-655-0618

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.