Rare development opportunity to acquire three seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098 Cordova Bay Road. Located in one of Victoria's most prestigious neighbourhoods, They are the epicentre of this community. With stunning views of the ocean and direct beach access across the road, this site offers inherent potential to take advantage of the existing blend of commercial and residential zoning, in step with Official Community Plan updates. The three vacant lots are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use for up to four storeys on two lots that lie within the PGA, and two storeys on the remaining lot. This opportunity for future development will help shape the landscape of Cordova Bay.
Address
5090 Cordova Bay Rd
List Price
$7,500,000
Property Type
Residential
Type of Dwelling
Land
Transaction Type
Sale
Area
Saanich East
Sub-Area
SE Cordova Bay
Lot Size
39719 Sq. Ft.
Lot Size (Acres)
0.91 Ac.
MLS® Number
1013682
Listing Brokerage
Sotheby's International Realty Canada
Postal Code
V8Y 2K5
Tax Amount
$31,519.00
Tax Year
2024
Amenities
Central Location, Cleared, Easy Access, Near Golf Course
