Excellent development property. Conditional approval for a 73 unit building plus 7000 Sq Ft of commercial. Prime location. The surrounding properties are quickly being built up with commercial, residential condos & apartments. Developments in the immediate area have rezoned for great density. Arterial street for high visibility, well served by bus, minutes from shopping. This is an opportunity to secure a level, broad parcel with all municipal services at the doorstep in an area earmarked for development. Building on site is considered to have little value, but has 4 suites, all occupied - DO NOT DISTURB OCCUPANTS. Must be purchased with neighboring 14,200 Sq Ft property (2639 Sooke Rd). Total current rental revenue for all 4 units is $5,750. Rental revenue total for both properties combined is $9,650.
Address
2645 Sooke Rd
List Price
$1,750,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Langford
Sub-Area
La Walfred
Floor Area
2,669 Sq. Ft.
Lot Size
18730 Sq. Ft.
Lot Size (Acres)
0.43 Ac.
Year Built
1935
MLS® Number
1004130
Listing Brokerage
Fair Realty
Basement Area
None
Postal Code
V9B 1Y3
Tax Amount
$4,360.14
Tax Year
2024
Features
Baseboard, Electric
Amenities
Pie Shaped Lot