Learn more about this property online at:
https://www.collierscanada.com/p-can2009562
https://www.collierscanada.com/p-can2009562
- For Sale
Opportunity to acquire a low to mid-rise multifamily development site in the highly desirable Broadmead neighborhood. This scale is rarely available in today’s market.
This is a rare opportunity to purchase six (6) adjacent single family dwelling lots off of Pachena Place, Chatterton Way, and Royal Oak Avenue; the main access to the site being from Pachena Place. This development site, which provides convenient access to Royal Oak Shopping Centre and Broadmead Village Shopping Centre, is centrally located within Greater Victoria. The development site is also in very close proximity to numerous amenities and services including recreational areas such as Rithet’s Bog Park, Chatterton Hill Park, and Saanich Commonwealth Place.
The site is comprised of +/- 2.92 Acres (+/- 127,275 SF) and provides prospective purchasers with an opportunity to acquire and develop unprecedented scale in the highly desirable Broadmead neighborhood, an area known for its maturity and affluence. The lands are designated as “Neighbourhoods” in Saanich’s Official Community Plan (“OCP”) which permits low to mid-rise residential development of up to four (4) storeys. The collective owners are receptive to potential leaseback scenarios of the single-family dwellings, providing the successful proponent with holding income during the entitlement process.
This is a rare opportunity to purchase six (6) adjacent single family dwelling lots off of Pachena Place, Chatterton Way, and Royal Oak Avenue; the main access to the site being from Pachena Place. This development site, which provides convenient access to Royal Oak Shopping Centre and Broadmead Village Shopping Centre, is centrally located within Greater Victoria. The development site is also in very close proximity to numerous amenities and services including recreational areas such as Rithet’s Bog Park, Chatterton Hill Park, and Saanich Commonwealth Place.
The site is comprised of +/- 2.92 Acres (+/- 127,275 SF) and provides prospective purchasers with an opportunity to acquire and develop unprecedented scale in the highly desirable Broadmead neighborhood, an area known for its maturity and affluence. The lands are designated as “Neighbourhoods” in Saanich’s Official Community Plan (“OCP”) which permits low to mid-rise residential development of up to four (4) storeys. The collective owners are receptive to potential leaseback scenarios of the single-family dwellings, providing the successful proponent with holding income during the entitlement process.
