3925 Quadra St - Commercial LAND FOR SALE


Victoria, BC V8X 1J3 31,363 SF
$6,200,000 CAD
250-414-8373
3925 Quadra St, Victoria, BC for Sale
$6,200,000 CAD
Commercial LAND - FOR SALE
1/11
31,363 SF

3925 Quadra St
Victoria, BC V8X 1J3


HIGHLIGHTS

  • Fully rezoned and development permit approved for 73 units
  • Grandfathered under 2018 Building Code for cost savings
  • EV-ready underground parking and bicycle storage
  • Walkable to Saanich Centre, retail, and major transit routes
  • Strong demographics with $120K average household income

OVERVIEW

The property has been rezoned with approval of a Development Permit by the District of Saanich Council, changing from RS-6 (Single Family Dwelling) to RA-11. As a result, this combined 31,345 SF site is now approved for construction of a 6-storey, 73-unit condominium building comprising a gross floor area of 70,501 SF. The project is grandfathered under the 2018 Building Code for seismic and adaptability requirements, allowing for substantial construction cost savings compared to newer code requirements. In addition, the 3 single family homes provide nominal interim rental holding income during any pre-development phase. Located in close proximity to retail and service amenities in Saanich Centre, major transit routes as well as recreational options such as Annie Park and the Lochside Regional Trail system, the site offers excellent connectivity as well as walkability.

FOR SALE DETAILS

PRICE

$6,200,000 CAD

PRICE/ACRE

$8,611,166/AC

PRICE/SF

$198 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.72 AC

LAND SF

31,363 SF

OFFSITE IMPROVEMENTS

-

ZONING

RA-11

APN/PARCEL ID

006-143-601,006-143-610,006-143-628

ASK ABOUT THIS PROPERTY

Grant EvansColliersMore Info
250-414-8373

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Grant EvansColliersMore Info
250-414-8373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.