Property Description

Excellent development property. Conditional approval for a 73 unit building plus 7000 Sq Ft of commercial. Prime location. The surrounding properties are quickly being built up with commercial, residential condos & apartments. Developments in the immediate area have rezoned for great density. Arterial street for high visibility, well served by bus, minutes from shopping. This is an opportunity to secure a level, broad parcel with all municipal services at the doorstep in an area earmarked for development. Building on site is considered to have little value, but has two suites, both occupied - DO NOT DISTURB OCCUPANTS. Must be purchased with neighboring 18,700 sqft property (2645 Sooke Rd). Total current rental revenue $3,900. Rental revenue total for both properties combined is $9,650.