1217 - 1221 Carlisle Ave

Victoria, BC, V9A 5C7
MLS® #: 412317
Fred Hiigli, Newport Realty Ltd.

$4,400,000

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Business Type: Land

Date Listed: Fri, Jun 14, 2019

Property Tax: $10,012 (2019)

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1217 - 1221 Carlisle Ave

Victoria, BC, V9A 5C7

$4,400,000

N/A sqft|Land
MLS® #: 412317
Fred Hiigli, Newport Realty Ltd.

More to See

Property Description

NEW PRICE: This incredibly rare redevelopment opportunity is a three parcel Land Assembly in the revitalized heart of Esquimalt's Saxe Point neighborhood. Current OCP Designation permits medium multi family with a density of 2.0 and up to 6 storys, finished livable of 40,000 square feet. The floor area ratio could go even higher with approved amenity bonusing. For the past two years, similar built out condo developments have been selling at an average price of $600/square foot, with recent sales going for as high as $750+/square foot. The potential positive impact on the township and returns on a redevelopment are outstanding. This Assembly is located across the street from the highly anticipated Esquimalt Town Square, two minutes to the Esquimalt Rec Centre, Plaza, and minutes walk to Saxe Point Park. Once redeveloped many south facing units would enjoy views of the Ocean and the Olympic Mountains. This is by far the most exciting Assembly offering in ages!

Details

Property Type: Commercial
Property Tax: $10,012 (2019)
Fees: N/A
Last Updated: Fri, August 02, 2019
Location: Sidewalk
Possession: Upon Completion
SaleOrRent: Sale Price
Title: Freehold

Key Facts

MLS® #: 412317
Ownership-Type: N/A
Year Built: N/A
sqft: N/A
Date Listed: Jun 14, 2019
Lot Size: 19500
Occupancy: N/A
Zoning Jurisdiction: Township of Esquimalt
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Suggested Listings (8)

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Copyright© 2019 Victoria Real Estate Board. All Rights Reserved.

Data was last updated: Friday, August 2, 2019, 11:51:30 AM
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[vc_row][vc_column][vc_column_text]RE/MAX recently released its 2018 Commercial Investor Report (Western Canada Edition), highlighting trends and market activity in several key markets. Following up on the report, we have compiled some introductory tips from some of our brokers and agents for investing…

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Copyright© 2019 Victoria Real Estate Board. All Rights Reserved.

Data was last updated Friday, August 2, 2019 at 11:51:30 AM