Property Highlights

Freehold home with large level lot
Quiet cul-de-sac location
Significant development potential
Multi-unit residential zoning potential
Plans for 8 townhomes available
Includes survey and engineering reports

Overview

One of the Cheapest Freehold homes in Brentwood Bay and Significant Development Potential. Nice and level 100'X120' Lot near the end of a quite cul-de-sac. Central Saanich has designated the street in the new OCP as Multi-Unit Residential with an indication that they desire apartments/Condos or higher density townhouses. A proposal has been made recently by Central Saanich for the full street to be potentially Apartment Zoned. The current owner proposed 8 Townhomes in 2021 but Council wasn't certain if they wanted that or higher density as the OCP was in review at that time. Plans for 8 townhome units are available with the purchase as is Survey, Engineering report, Arborists Report and more. Currently the property is tenanted. This property is ideally to be sold as a share sale of the company (BC1111042) that holds this asset. This is the sole asset of the company with no liabilities. This is a great developer project or hold for larger land acquisition.

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