Single Family Residence located in Colwood - Co Royal Roads, V9C 1K1
840 sqft, 2 Beds, 1 Baths
- Built in: 1972
- Type: Residential
- Interior Features: Dining/Living Combo, Eating Area,
- Exterior Features: Balcony/Deck, Fencing: Partial,
- Cooling: None,
- Heating: Baseboard, Electric,
- Flooring: Array
- Appliances: F/S/W/D, Refrigerator,
- Basement: Crawl Space, Other,
- Foundation Details: Other,
- Lot Size: 0.16 acres
- Total Parking: 5
- Parking Features: Carport, Driveway, Guest, RV Access/Parking,
- Features: Central Location, Curb & Gutter, Easy Access, Level, Marina Nearby, Near Golf Course, No Through Road, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby,
- Zoning: R1 Residential
Description
DEVELOPMENT OPPORTUNITY! This property situated in a walkable community near shopping, banking, amenities, schools and public transportation offers the opportunity for redevelopment/rezoning to higher density to accommodate townhomes or mixed use development up to 4 stories with an FAR of 1.75 equating to a permitted development of approximately 11,970sqft subject to application and approval from the municipality. Tenant on a month to month basis paying $1800 per month would like to stay. The Official Community Plan provides for "Neighbourhood Centre" permitting the following uses - Multi-unit residential, mixed-use, Commercial, Institutional, Live/work, home occupation and customer service oriented industrial uses. Buyers must complete their due diligence with Colwood municipality to ensure they may utilise the property for their intended use. Great opportunity to buy and hold as higher density gets approved throughout Colwood.