Description
An exceptional development opportunity in one of Victoria's most strategic growth corridors. Situated on a rare 0.72 acre parcel, 4511 Pachena Place offers outstanding redevelopment potential in an area identified by the District's Official Community Plan for increased residential density. Located within the Saanich Corridors growth area, this property is positioned along a key transportation and infrastructure route designated to accommodate future higher density housing. Just minutes from Broadmead Village, the Primary Urban Centre, major shopping, restaurants, transit routes, parks and every imaginable amenity, this is exactly the type of location developers seek for their next multifamily project. The existing, well maintained residence provides excellent holding income while development applications, planning and permitting are underway. The home features three bedrooms on the main level along with a self contained one bedroom suite below, making it an ideal rental property during the entitlement process. With a level building site, services available, outstanding central location and tremendous long term upside, opportunities of this size and quality are becoming increasingly rare. Whether you're a developer, investor or land banker looking to capitalize on Saanich's vision for future growth, this property represents an exceptional opportunity to secure a prime piece of real estate in one of Greater Victoria's most promising redevelopment areas. Buyer to verify all redevelopment potential, zoning, servicing and development opportunities with the District of Saanich. (id:13843)
Details
| MLS # | 1042173 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1953 |
| Days On Site | 109 |
| Listing Provided By | RE/MAX Generation - The Neal Estate Group | April Spackman |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,312 |
| Garage | 10 |
| Zoning | Residential |
| Acreage | 0.80 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Forced air, Oil, Electric |
| Appliances | Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
Exterior
| Lot Features | Central location, Cul-de-sac, Southern exposure, Irregular lot size, Sloping, Other |
|---|
Parking
| Parking Features | Garage, RV |
|---|---|
| Parking Total | 10 |
Taxes
| Tax Annual Amount | 4644.02 |
|---|---|
| Tax Lot | 9 |
Area Information
| Province | BC |
|---|---|
| City | Saanich |
| Postal Code | V8X2P1 |
| Listing VS Median (in V8X2P1) | |
Price: $1,500,000 low | high Med: $1,500,000 sqft: 2,312 low | high Med: 2,312 $ / sqft: $649 low | high Med: $649 On site: 109 low | high Med: 109 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Saanich |
| Postal Code | V8X2P1 |
| Listing VS Median (in V8X2P1) | |
Price: $1,500,000 low | high Med: $1,500,000 sqft: 2,312 low | high Med: 2,312 $ / sqft: $649 low | high Med: $649 On site: 109 low | high Med: 109 | |
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