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Colwood All Real Estate and Homes for Sale $500K-$600K

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Main Photo: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 1: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 2: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 3: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 4: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 5: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 6: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 7: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 8: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 9: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 10: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 11: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Photo 12: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
980151
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.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Co Latoria, Colwood
Bathrooms:
- (Full:-/Half:-)
Lot Size:
3.9 acre(s)
Taxes:
Construction:
Frame Wood, Insulation All
Foundation:
Concrete Perimeter
Electricity:
Yes
Ceiling Heights:
Commercial Area:
Water supply:
Well: Drilled
Sewer:
Septic System
Fireplace:
No
Pending Date:
Balcony/Deck, Fenced
Wishart Rd to Windthrop Rd.
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Colwood
Legal Description:
Units in Building:
Units in Community:
Occupancy:
Owner
Utilities:
Electricity Connected
Lot Site Features:
Acreage, Irregular Lot, Park Setting, Private, Recreation Nearby, Rural Setting, Shopping Nearby
Parking Features:
On Site
Total Units:
Date Listed:
Nov 04, 2024
Original Price:
5000000.0
  • Photo 1: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
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  • Photo 12: 567 Windthrop Rd in Colwood: Co Latoria Multi Family for sale : MLS®# 980151
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Listed by RE/MAX Camosun
Data was last updated November 17, 2024 at 06:05 PM (UTC)

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Colwood All Real Estate and Homes for Sale $500K-$600K
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.