House for sale
592 Heatherly Rd, Colwood
$899,000
Features
Style
Other
Year Built
1972
Floor Area
840 sqft
Lot Size
6,840 sqft
Gross Property Tax
$2,392 /year
Zoning
R1 Residential
Amenities
Dining/Living Combo, Eating Area, Ground Level Main Floor, Balcony/Deck, Fencing: Partial, Workshop, Window Coverings, F/S/W/D, Refrigerator, Transit Nearby
Additional Features
Central Location, Curb & Gutter, Easy Access, Level, Marina Nearby, Near Golf Course, No Through Road, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby
Description
DEVELOPMENT OPPORTUNITY! This property situated in a walkable community near shopping, banking, amenities, schools and public transportation offers the opportunity for redevelopment/rezoning to higher density to accommodate townhomes or mixed use development up to 4 stories with an FAR of 1.75 equating to a permitted development of approximately 11,970sqft subject to application and approval from the municipality. The Official Community Plan provides for "Neighbourhood Centre" permitting the following uses - Multi-unit residential, mixed-use, Commercial, Institutional, Live/work, home occupation and customer service oriented industrial uses. Buyers must complete their due diligence with Colwood municipality to ensure the buyers may utilise the property for their intended use. The 2 bedroom mobile home on the property provides $1800 per month revenue while you plan your development.
MLS® Number 979004