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301 Island Highway in VICTORIA: VR View Royal Vacant Land for sale (View Royal) : MLS® # 372238

301 Island Highway VICTORIA V9B 1G9 : VR View Royal

Main Photo: 301 Island Highway in VICTORIA: VR View Royal Vacant Land for sale (View Royal)  : MLS® # 372238
$10,900,000
Prop. Type:
Commercial
MLS® Num:
372238
Status:
Active
Build. Type:
Mixed Use
An opportunity to acquire a well located 4.0 Acre Development Property at a prime intersection in View Royal. Identified in the OCP as Neighborhood Mixed Use comprising of Commercial + multi-family townhomes and low rise apartments, and a FSR of 1.5. This is an assembly of 9 legal parcels currently zoned a combination of C-1 and Residential. There is 561 feet frontage on Island Highway, the site is located close to many amenities, has several building structures that produces good holding income and presents an excellent opportunity for re-development. Call for more information.
Property Type:
Commercial
Commercial Type:
Vacant Land
Type:
Vacant Land
Total Finished Rooms:
0
Total Unfinished Rooms:
0
Lot Size:
Switch units of measure3.99 acre(s)
Lot Details:
Irreg.
Lot Width:
Switch units of measure561'
Title to Land:
Freehold
Building Type:
Mixed Use
Water supply:
City/Munic.
Waste Disposal:
Sewer
3.99 Acre site at the southwest corner of Old Island Highway and Helmcken Road. See Supplements for list of the assembled 9 legal parcels.
Bus Service, High Traffic Area, Highway Access, Road: Paved, See Remarks
Gross Taxes:
52748.0
For Tax Year:
2016
Assessed:
4948400.0
Assessment year:
2016
Assessment Roll Number:
004306000
Financing Options:
Purchaser To Finance
Revenue Property (Y/N):
No
Jurisdiction name:
Town of View Royal (SD61)
Legal Description:
An assembly of 9 legal parcels on Island Highway, Helmcken and Besborough Roads containing a total of approx. 4.0 acres.
Section Number:
8
Block Number:
1
Land District Number:
21
Zoning:
C - 1
P.I.D.:
007-080-085
Possession Details:
To be negotiated.
Area Size Estimated:
Yes
Agricultural Land Reserve:
No
Total Units in Complex:
0
Commercial Area:
Other
Total Building Area:
Switch units of measure10,000 sq. ft.
Lot Site Features:
Corner, See Remarks
Price Includes Building:
Yes
Price Includes Business:
No
Price Includes Land:
Yes
Services:
Cablevision, Electricity, Garbage, Sewer, Telephone, Water
Sale type:
Sale Price
Transaction Type:
For Sale
Date Listed:
Nov 22, 2016
Original Price:
$10,900,000
Listing information last updated on 31-Aug-2017 4:05 PM
ED G. SING
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