Bought with Engel & Volkers Vancouver Island
$2,200,000
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1,250 SqFt
SOLD DATE : 02/26/2026
Key Details
Sold Price $2,200,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,250 sqft
Price per Sqft $1,760
MLS Listing ID 1012424
Annual Tax Amount $3,676
Tax Year 2024
Lot Size 0.540 Acres
Property Sub-Type Mixed Use
Property Description
PRIME DEVELOPMENT SITE IN COLWOOD CORNERS neighbouring new residential & commercial mixed use development opposite the prestigious Royal Colwood Golf course. ALL restrictive covenants have been REMOVED and the site is now ready for your development proposal. This is the heart of Colwood with recreational facilities, shopping, transit, sports fields and Esquimalt Lagoon close by. The lot is 23,458sqft currently zoned R1 however the OCP is designated COLWOOD CORNERS & TRANSIT ORIENTED CORRIDOR permitting higher density 4.5 FAR. The municipality is focusing the highest density along the Sooke Road, Goldstream and Wale Road corridor with recent approvals in excess of 30+ story buildings. The property offers approximately 195'83 feet frontage along Colwood Crescent and 99'76 feet frontage along Sooke Road with rear road frontage along Colwood Crescent. BUYERS MUST DO THEIR OWN DUE DILIGENCE RE DEVELOPMENT BEFORE SUBMITTING AN OFFER. The seller and tenant will rent back at market rates
Location
Province BC
County Out Of Board
Community Co Colwood Corners
Area Colwood
Zoning R-1
Interior
Heating Forced Air, Oil
Cooling None
Flooring Carpet, Hardwood, Linoleum, Tile
Exterior
Exterior Feature Fencing: Partial, Low Maintenance Yard, Sign: Allowed, Storefront
Parking Features On Site
Garage Spaces 20.0
Utilities Available Cable Available, Compost, Electricity Connected, Garbage, Natural Gas Available, Phone Available, Recycling
View Y/N No
Building
Lot Description Adult-Oriented Neighbourhood, Central Location, Cleared, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Level, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk, See Remarks
Foundation Concrete Perimeter, Slab
Sewer Sewer Connected, Sewer To Lot
Water Municipal, To Lot, Well: Shallow
Others
Acceptable Financing Clear Title, Owner May Carry
Listing Terms Clear Title, Owner May Carry
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