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9254 Rideau Ave North Saanich, British Columbia V8L 1E8

Baseboard Heaters, Forced Air Acreage

$1,798,000

An exceptional opportunity to own a high-profile multi-family development site in the affluent municipality of North Saanich. Designated as Multi-Family Affordable Residential, this 0.5-acre site would permit up to 15 townhome or 30 condo units per acre under the current OCP. Centrally located in Area 1 (McTavish), this node has been earmarked for increased density. The new, upcoming OCP is anticipated to be adopted in mid-2022 should the purchaser decide to hold in the near term. Alternatively, a 5-lot single family home subdivision may be possible with local precedent at the neighbouring Eaglehurst subdivision. The property is currently improved with a two-storey home with revenue suite. Located a short drive away is downtown Sidney, Victoria International Airport, Swartz Bay Ferry Terminal and downtown Victoria. Qualified buyers should conduct their own due diligence with the local municipality and relevant consultants regarding development potential. (id:37253)

Property Details

MLS® Number 872870
Property Type Multi-family
Neigbourhood Dean Park
Features Acreage, Central Location, Level Lot, Park Setting, Private Setting, See Remarks, Partially Cleared, Other, Marine Oriented
Plan Vip34936

Building

Constructed Date 1981
Heating Fuel Electric, Wood
Heating Type Baseboard Heaters, Forced Air
Type Multi-family

Land

Acreage Yes
Size Irregular 0.5
Size Total 0.5 Ac
Size Total Text 0.5 Ac
Zoning Description Ra-4
Zoning Type Unknown

https://www.realtor.ca/real-estate/23072876/9254-rideau-ave-north-saanich-dean-park