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This 0 bedroom, 0 bathroom unimproved land is listed for sale at $5,800,000 in Colwood, British Columbia. Lot size: 54,450 sq ft (1.25 acres).MLS® #1040149.
The approved development plans contemplate a six-storey, purpose-built rental building comprising 38 units, alongside a five-storey condominium building consisting of 34 units, which may also be converted to market rental. The Property benefits from being under the 2018 BC Building Code.Sooke Road has been identified as a growth area and transit corridor in the Colwood Official Community Plan providing accessibility and visibility and proximity to a wide range of urban amenities. With zoning and Development Permit in place, the Property represents a well-located mid-rise project.
All key services, including sewer, water, hydro, and telecommunications, are available on the property line. In addition, Development Cost Charges (DCCs) have been paid by the Vendor, representing a significant value enhancement for the purchaser. The Vendor has the flexibility to separate the two proposed building and sell individually or as a package.
Looking for homes for sale in Colwood? Browse Colwood real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Part of the Colwood area.
Property Type
Unimproved Land
Lot Size
54,450 sq ft(1.25 acres)
Bedrooms
0
Bathrooms
0
Area
Colwood
Neighborhood
Hatley Park
Listed
Jun 11, 2026
MLS® Number
#1040149
View comprehensive market analysis for Sooke 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 Sooke Rd Market ReportThe approved development plans contemplate a six-storey, purpose-built rental building comprising 38 units, alongside a five-storey condominium building consisting of 34 units, which may also be converted to market rental. The Property benefits from being under the 2018 BC Building Code.Sooke Road has been identified as a growth area and transit corridor in the Colwood Official Community Plan providing accessibility and visibility and proximity to a wide range of urban amenities. With zoning and Development Permit in place, the Property represents a well-located mid-rise project.
All key services, including sewer, water, hydro, and telecommunications, are available on the property line. In addition, Development Cost Charges (DCCs) have been paid by the Vendor, representing a significant value enhancement for the purchaser. The Vendor has the flexibility to separate the two proposed building and sell individually or as a package.

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Discover more properties and explore the Colwood community, including the Hatley Park neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$30,500
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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