Address
9254 Rideau Ave North Saanich, BC
Price
$ 1,798,000
Property Attributes
  • ID#872870
  • TypeMulti-Family
  • CityNorth Saanich
  • AreaCapital Regional District
  • NeighbourhoodNorth Saanich
  • Postal CodeV8L 1E8
  • Style
  • Year Built1981
  • Taxes$ 2691
  • Price$ 1,798,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.5 Acres
Listing Provided Courtesy Of:
Dustin Miller with 8X Ventures Inc
Data Source:
RLP - CREA EN
Property Description

An exceptional opportunity to own a high-profile multi-family development site in the affluent municipality of North Saanich. Designated as “Multi-Family Affordable Residential”, this 0.5-acre site would permit up to 15 townhome or 30 condo units per acre under the current OCP. Centrally located in Area 1 (McTavish), this node has been earmarked for increased density. The new, upcoming OCP is anticipated to be adopted in mid-2022 should the purchaser decide to hold in the near term. Alternatively, a 5-lot single family home subdivision may be possible with local precedent at the neighbouring Eaglehurst subdivision. The property is currently improved with a two-storey home with revenue suite. Located a short drive away is downtown Sidney, Victoria International Airport, Swartz Bay Ferry Terminal and downtown Victoria. Qualified buyers should conduct their own due diligence with the local municipality and relevant consultants regarding development potential.

Exterior Features

Lot Frontage 21780
Lot Size 0.5
Jumpid 14837055

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V8L 1E8

Price
AVG $1.8M
$1.8M
Taxes
AVG $2,691
$2,691
Visits
AVG 17
15
Year Built
AVG 1981
1981