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  • For Sale
Landmark Development Opportunity with Substantial Holding Income | For Sale - #1
Landmark Development Opportunity with Substantial Holding Income | For Sale - #2
Landmark Development Opportunity with Substantial Holding Income | For Sale - #3
Landmark Development Opportunity with Substantial Holding Income | For Sale - #4
Landmark Development Opportunity with Substantial Holding Income | For Sale - #5
Landmark Development Opportunity with Substantial Holding Income | For Sale - #6
Landmark Development Opportunity with Substantial Holding Income | For Sale - #7

The Opportunity

Colliers Victoria is pleased to offer for sale a rare opportunity to acquire a high profile 77,272 SF (1.773 Acre) future development site (the “Site”) with two fully leased commercial buildings offering substantial holding income. The Site is located at the epicenter of the District of Saanich’s high densification area known as “Uptown Douglas”.

The recently adopted Uptown Douglas Plan identifies the Site as “Core”, supporting high-rise mixed-use developments with a base of 12 storeys to a maximum of 18 storeys. The policy document also supports, in limited circumstances, up to 24 storeys in height should certain guidelines be met.

The Site offers many attractive development characteristics including sloped topography to the Galloping Goose Regional Trail at the rear, three street frontages on Douglas Street, Boleskine Road and Culduthel Road and located at the top of the rise on Douglas Street allowing for panoramic views in all directions within the future development.
Area Size
Rentable Area (both buildings) 39,500 Square Feet
Combined Site Area 77,272 Square Feet (1.773 Acre)