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1217-1221 Carlisle Ave Victoria, British Columbia V9A 5C7

4000 sqft

$4,800,000

Incredibly rare redevelopment opportunity! Three parcel Land Assembly in the revitalized heart of Esquimalt's Saxe Point neighborhood. Current OCP Designation permits medium multi family with a density of 2.0 and up to 6 storys, finished livable of 40,000 square feet. The floor area ratio could go even higher with approved amenity bonusing. For the past two years, similar built out condo developments have been selling at an average price of $600/square foot, with some recent sales going for as high as $750+/square foot. The potential positive impact on the township and returns on a redevelopment area outstanding. This Assembly is located across the street from the highly anticipated Esquimalt Town Square, two minutes to the Esquimalt Rec Centre, Plaza, and minutes walk to Saxe Point Park. Once redeveloped, many south facing units would enjoy views of the Ocean and the Olympic Mountains. This is by far the most exciting Assembly offering in ages! (id:26878)

Property Details

MLS® Number 412317
Property Type Vacant Land
Neigbourhood Esquimalt

Building

Fireplace Present No
Size Interior 4000 Sqft

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 19500
Size Total 19500 Sqft
Size Total Text 19500 Sqft

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20811332

Interested?

Contact us for more information


Fred Hiigli

hiigli.com

Newport Realty Ltd.
1144 Fort St
Victoria, British Columbia V8V 3K8

(250) 385-2033
(250) 385-3763
www.newportrealty.com

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