970-974 Mckenzie Av - Commercial LAND FOR SALE


Victoria, BC V8X 3G7 33,106 SF
$3,900,000 CAD
970-974 Mckenzie Av, Victoria, BC for Sale
$3,900,000 CAD
Commercial LAND - FOR SALE
1/1
33,106 SF

970-974 Mckenzie Av
Victoria, BC V8X 3G7


HIGHLIGHTS

  • Gently sloping corner site
  • Desirable central location
  • Close proximity to amenities
  • Located at controlled intersection
  • Favorable Official Community Plan designation supporting multifamily development density
  • Desirable condominium or purpose-built rental location

OVERVIEW

The residential makeup in the area is predominantly single-family dwellings with medium density apartment and condominium units along McKenzie Avenue. This area is popular with renters as it benefits from the favorable bus routes directly to the University of Victoria along the McKenzie corridor, and its central suburban location makes for an easy commute to Victoria’s downtown core, the Saanich Peninsula, and the Westshore. The Subject property is identified in a primary growth area and is surrounded by recently approved and legacy multifamily properties. Saanich’s current OCP speaks to mid-rise buildings of up to 12-storeys in this location. There is a current development permit application (unapproved) for an 8-storey building which equates to a 2.9:1 FAR.

FOR SALE DETAILS

PRICE

$3,900,000 CAD

PRICE/ACRE

$5,131,517/AC

PRICE/SF

$118 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Apartment Units, Apartment Units - Condo

LAND ACRES

0.76 AC

LAND SF

33,106 SF

OFFSITE IMPROVEMENTS

-

ZONING

RS6 & RS10

APN/PARCEL ID

000-501-247,000-645-532,005-734-771,005-734-797

ASK ABOUT THIS PROPERTY

Matt PettingerAvison Young - VictoriaMore Info

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Matt PettingerAvison Young - VictoriaMore Info

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