Urban Residential designated development site permitting low to mid-rise multi-family or mixed-use buildings and structures. Corner lot of ±24,120 SF with ±120 feet of frontage along Quadra Street and ±200 feet along Princess Avenue. Across from the City of Victoria’s Crystal Pool and Fitness Centre, which is planned to be completely replaced, with construction planned to start in 2019.
The property is leased to Mercury Marine Limited until November 30, 2019. The current lease arrangement will provide a developer with holding income while taking the property through the entitlement process.