5090 Cordova Bay Rd, Saanich BC V8Y 2K5
$7,500,000
00
5090 Cordova Bay Rd, Saanich BC V8Y 2K5 - Single Family for Sale in Saanich, BC
This 0 bedroom, 0 bathroom single family is listed for sale at $7,500,000 in Saanich, British Columbia. Lot size: 39,640 sq ft (0.91 acres).MLS® #1028445.
Rare development opportunity to acquire three seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098 Cordova Bay Road. Located in one of Victoria's most prestigious neighbourhoods, They are the core of this community. With stunning views of the ocean and direct beach access across the road, this site offers inherent potential to take advantage of the existing blend of commercial and residential zoning, in step with the Official Community Plan updates.
The three vacant lots are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use for up to four storeys on two lots that lie within the PGA, and two storeys on the remaining lot. This opportunity for future development will help shape the landscape of Cordova Bay.
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$7,500,000
For Sale
1 / 12
5090 Cordova Bay Rd, Saanich BC V8Y 2K5
Saanich, BC V8Y 2K5
MLS® #1028445
Sotheby's International Realty Canada
0beds
0baths
Property Details
Property Type
Single Family
Lot Size
39,640 sq ft(0.91 acres)
Bedrooms
0
Bathrooms
0
Area
Saanich East
Neighborhood
Cordova Bay
MLS® Number
#1028445
Cordova Bay Rd Market Report
View comprehensive market analysis for Cordova Bay Rd including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Cordova Bay Rd Market ReportDescription
Rare development opportunity to acquire three seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098 Cordova Bay Road. Located in one of Victoria's most prestigious neighbourhoods, They are the core of this community. With stunning views of the ocean and direct beach access across the road, this site offers inherent potential to take advantage of the existing blend of commercial and residential zoning, in step with the Official Community Plan updates.
The three vacant lots are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use for up to four storeys on two lots that lie within the PGA, and two storeys on the remaining lot. This opportunity for future development will help shape the landscape of Cordova Bay.
Listing History
Members Only
Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Location & Community
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Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$39,000
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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Property Location
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