For Sale

567 Windthrop Road, Colwood, British Columbia V9C3B6

$5,000,000

567 Windthrop Road, Colwood, British Columbia V9C3B6 is For Sale and has a listing price of 5,000,000. The property is located in the Colwood neighbourhood. It's been on the website for 64 Days.

  • Multi-family
    Property Type
  • Multi-family
    Building Type
  • MLS ID: 980151
  • Office Name RE/MAX Camosun
Property Description

DEVELOPMENT OPPORTUNITY: Discover 3.90 acres of prime development land. The property finds itself within the Neighbourhood Hillside & Shoreline Land Use Designation, a strategic zoning that paves the way for increased density and Low-Rise buildings, up to 6 storeys. The Floor Space Ratio (FSR) is set at an advantageous 1.2:1, inviting imaginative possibilities for development. The property presents a promising opportunity for developers. Adjacent to Havenwood Park and multi-family zoned properties. It stands as a prime example of the region’s potential for higher density development, growth, and prosperity. The options for redevelopment are vast, making it an attractive investment in a thriving community. This expansive parcel currently includes a 3-bedroom home, a workshop, and various outbuildings for potential rental revenue. (id:43137)

Property Details
  • MLS ID: 980151
  • Price: $5,000,000
  • Transaction Types: For Sale
  • Ref ID: 27616789
  • Year Built: N/A
  • Building Type: Multi-family
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
11/04/2024 980151 $5,000,000 For Sale - -
10/19/2023 946371 $5,000,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Colwood
  • $1,096,310 Average List Price
    based on 1 year
  • 27 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 100 % Below
  • Sold (12mo) 0
  • Rented (12mo) 0

  • 1 Month Change -10.0%
  • 3 Month Change +4.6%
  • 6 Month Change +4.2%
Walkscore
  • 39 Walk Score
    Car-Dependent
  • 32 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    81.35%
  • Commercial
    3.08%
  • Condo
    14.69%
  • Land for Sale
    0.88%
Additional Details
  • Property Features Other, Private Setting, Irregular Lot Size, Acreage, Park Setting
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 04/11/2024 00:00:00
  • Agent Name: Matt Peulen
  • Last Updated: 05/11/2024 05:44:17
Open House Dates
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