LAND ASSEMBLY ADJACENT TO ROYAL OAK TRANSIT EXHANGE

4580 Elk Lake Dr.

$2,015,000

Triplex located in Saanich West - SW Royal Oak, V8Z 5M1

3204 sqft, 6 Beds, 4 Baths
MLS #968573 Listed by Jason LeslieRE/MAX Generation
  • Built in: 1986
  • Type: Residential
  • Interior Features: Ceiling Fan(s), Dining Room, Eating Area, Workshop,
  • Exterior Features: Balcony/Patio, Fencing: Partial,
  • Cooling: None,
  • Heating: Baseboard, Electric,
  • Fireplaces: 1
  • Flooring: Array
  • Appliances: Dishwasher, Dryer, Oven/Range Electric, Range Hood, Refrigerator, Washer,
  • Basement: None,
  • Foundation Details: Concrete Perimeter, Slab,
  • Lot Size: 0.21 acres
  • Total Parking: 6
  • Parking Features: Attached, Garage Double, Guest, RV Access/Parking,
  • Features: Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk,
  • Zoning: RT-3

Description

LAND ASSEMBLY ADJACENT TO THE BC TRANSIT - ROYAL OAK BUS EXCHANGE. 4580 ELK LAKE DRIVE + 521 NORMANDY ROAD = 16,682 SQ FT / 0.383 ACRES. THE SITE BORDERS ROAYL OAK DR / ELK LAKE DRIVE / NORMANDY RD. IT IS JUST STEPS AWAY FROM THE BUS EXCHANGE + COMMONWEALTH PLACE AND THE BROADMEAD VILLAGE SHOPPING PLAZA ARE CLOSE BY. THIS SITE IS BEING SOLD FOR DEVELOPMENT POTENTIAL DUE TO BILL 47 SUGGESTING 3.5 (FAR) MID RISE BLD UP TO 10 STOREYS. THERE IS THE ADDED BENEFIT OF COLLECTING RENTAL REVENUE IN THE INTERIM DURING THE REDEVELOPMENT STAGES. AN EXCELLENT LOCATION FOR THE CREATION OF MUCH NEEDED AFFORDABLE HOUSING IN VICTORIA. COMBINED PRICE OF: $3.6M

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