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170/164 Island Hwy
VR View Royal View Royal V9B 1G2

$3,200,000
Commercial Sale

Main Photo: 170/164 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 969606
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
969606
This is an outstanding opportunity to secure a +/- .684 acre (29,795 sqft) multi-family or townhouse site in the desirable main corridor in View Royal. 164 & 170 Island Highway, View Royal. The site is situated on Island Highway, a two-lane arterial route which is a main route connecting the Westshore and the rest of the southern municipalities from Langford, Colwood, Sooke, Metchosin, Jordan River, and Port Renfrew. The site is in close proximity to numerous amenities, services, and minutes from CFB Esquimalt and the Shipyards. Near View Royal town hall, Portage Park, E & N Trail & Portage Inlet. Across the street GT Mann is building the Grand and Fir, an 82 unit condo building that was rezoned from R-1B to CD-27: Comprehensive Development (Island Highway / Portage). This site is well situated for rezoning to higher density redevelopment and identified as a growth area in the OCP. Both properties contain homes on them. DO NOT WALK SITE WITHOUT AN APPOINTMENT
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
VR View Royal, View Royal
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.684 acre(s)
Taxes:
Ceiling Heights:
Total Building Area:
3,544 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
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:
Town of View Royal (SD61)
Legal Description:
Units in Building:
Units in Community:
Parking Features:
On Site
Total Units:
Date Listed:
Jul 04, 2024
Original Price:
3200000.0
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Listed by eXp Realty
Data was last updated November 14, 2024 at 06:05 PM (UTC)
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.