Colliers is pleased to offer for sale an exceptionally located infill development opportunity in Sidney, BC, located at 9667 Fifth Street.
The property is zoned and recently received a development variance permit approval for an 8-unit townhome development. The property is exceptionally located steps from Beacon Avenue in downtown Sidney, providing convenient access to retailers, Sidney’s waterfront parks and pier and other nearby amenities, recreational activities, and schools. The 8-unit townhome development consists of four (4) two-bedroom townhomes, two (2) one-bedroom units, and two (2) one-and-a-half-bedroom units with eight (8) parking spaces provided on-site. Units could be four (4) lock-off townhouses with suites or eight (8) individual units.
Given the zoning and development variance permit approval, entitlement risk is removed, and the project timeline to market is quicker. Services are all at the property line.
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
Si Sidney South-East, Sidney
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
8,259 sq. ft.767 m2
Taxes:
$4,057.06 /
2024
Commercial Area:
Peninsula
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
979300.0
Assessment year:
2024
Jurisdiction name:
Town of Sidney
Legal Description:
LOT A SECTION 10 RANGE 4 EAST NORTH SAANICH DISTRICT PLAN 7137