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Listing by Jaideep Pannu Colliers
$ 5,200,000
Est. payment | /mo
0.48 Acres Lot
$ 5,200,000
Est. payment | /mo
0.48 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1053793
HOA Y/N No
Annual Tax Amount $3,911
Tax Year 2026
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Unimproved Land
Property Description
Opportunity to acquire 961 Mckenzie, 3990 & 3986 Saanich Road, B.C. (the “Property”) — a rezoned, Development Permit–approved residential development site.The approved development plans contemplate a six-storey purpose-built rental or condominium building comprising sixty (60) residential units and one (1) level of secured underground parking. The Property benefits from being grandfathered under the 2018 BC Building Code, providing potential seismic design efficiencies and meaningful construction cost savings for a future purchaser.The Vendor has invested significant time, capital, and expertise to advance the Property through the municipal approval process, creating substantial value and materially reducing development risk. The rezoning process has been fully completed, the Development Permit has been issued, and extensive work has been undertaken on architectural design, engineering, consultant studies, and municipal approvals required to move the project toward construction.
Location
Province BC
County Capital Regional District
Community Se Lake Hill
Area Saanich East
Zoning RA-11
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”
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