412 replies to this topic

[Mike K.]

Yes, that’s a great recap.

[Victoria Watcher]

You can always squeeze more density onto the land, but the current 10 lot layout probably doesn't work for a more dense development.   Not positive about Langford but most municipality's don't allow separate titles to shared laterals for DW, SS, or SD and they also require that Hydro, TELUS, Shaw etc. be installed underground.   If the lots are free hold then you probably have to dig up all the infrastructure to move the new road and/or put in more services. If you go strata then you would also have to dig everything up to put in one larger service to a central location. 

 

As you noted, Langford may not allow more density than the 10 lots that it likely just recently approved. The ad says the subdivision is nearing registration. If that gets registered before it sells, you would have to reconsolidate the lots and then rezone it again if the zoning doesn't allow more density.  Rezoning it again could add a lot of soft costs including: design costs, application fees, public hearing fees, DCC's etc. 

 

That all takes time.  Given the new council's views on density and current interest rates, I wouldn't pay/carry $4.25M for long unless I was confident of a substantial increase in density. 

 

Yes, well-said.

[Victoria Watcher]

Potential multi-family redevelopment site centrally located to all forms of transportation and shopping. This high visibility corner property is ready and waiting for Victoria's next residential project to take shape. Property is at the entry to the ''Selkirk and Cecelia Village'' area and is part of the vibrant Burnside Gorge Community. Preliminary discussions have indicated a desire to have this property rezoned to a higher and better use (up to four stories and 16 residential units) that create either market-rent housing or owner occupied strata units. Owner may consider offers subject to rezoning approval.

 

https://www.realtor....ctoria-burnside

 

$899,900

 

515 Burnside Rd E

 

[Victoria Watcher]

This is a rare opportunity to get in on a Victoria core with redevelopment potential and be a great holding property or an excellent location to run your own business. The zoning allows for live/work, light industry, transient accommodations, office, and limited retail use and is one of the last undeveloped properties in an area already surrounded by other businesses. Properties like this are rare and the savvy investor will be able to make money here. This 5-bedroom property went through an extensive renovation in 2015 including a new foundation and roof. Rooms are rented individually and with two recent vacancies, there is potential for more revenue depending on the purchaser's plans. Collect rent while you finalize your development plans or keep this in your long-term rental portfolio. Extremely low maintenance backyard and great tenants make this a low effort, high return rental. 

 

 

https://www.realtor....ctoria-downtown

 

$699,900

731 Princess Avenue

 

Edited by Victoria Watcher, 07 February 2023 - 01:38 AM.

[Victoria Watcher]

Owner occupier or development opportunity with holding income. Opportunity to acquire a tenanted light industrial property on a large 14,400 square foot lot with secure holding income. The two legal properties function as one and are improved with a single-story L shaped light industrial building demised into 4 units with a large parking lot. The Property is directly adjacent to a large master planned redevelopment of the block fronting Douglas Street between Caledonia Street and Discovery Street. This development is proposing three towers over a shared podium with 451 new homes, 31,000 square foot grocery store, large public plaza, dedicated childcare centre, and office space. 3 of the 4 units are currently lease, with one tenant going month to month May 2023. Both other tenants have demolition clauses in their leases.

 

$3,990,000

 

747-751 Discovery St

https://www.realtor....ctoria-downtown

 

 

Edited by Victoria Watcher, 14 February 2023 - 02:14 PM.

[Victoria Watcher]

$2,770,000

 

 

 

Create your own waterfront oasis w/ these rare offerings in the growing & popular View Royal community. Two lots totalling 50,697 sq ft there are multiple options to work with. Build two custom dream homes in this scenic & private setting featuring east & south exposure w/ amazing views of Price Bay & historic Cole Island. With many people relocating from the Prairies & Ontario, waterfront homes are sure to attract. The protected bay is popular for ocean sports w/ sailing & kayaking at your doorstep. View Royal is known as the ''hub'' of Greater Victoria w/ easy access to Victoria, Saanich & the West Shore. Enjoy the outdoors with the Galloping Goose Trail and Thetis Lake Park nearby, other local amenities include shopping, dining, and the Juan De Fuca Rec Center. Looking to add to the Missing Middle Housing Demand? One could also look at rezoning the property (subject to discussions w/ View Royal) and explore a townhouse development on this level & easily buildable site. Price plus GST

 

https://www.realtor....-royal-six-mile

 

 

200/202 Hart Rd
View Royal, British Columbia V9C1A1

 

 

 

 

 

Edited by Victoria Watcher, 14 February 2023 - 02:16 PM.

[Mike K.]

Plus GST for that Hart Road site?

[Victoria Watcher]

Residents fear $9.9M Saanich property touted as ‘massive’ future development opportunity

 

Property sits close to iconic restaurant that’s also for sale

 

https://www.vicnews....nt-opportunity/

 

 

1 resident, to be precise.  That doesn't live nearby.  And a few "walkers" that would not give their names.  

 

 

 

 

 

The four lots, however, are just down the road from an actual business, the Beach House Restaurant – so there’s a precedent for commercial businesses in the neighbourhood.

 

Edited by Victoria Watcher, 03 March 2023 - 11:16 PM.

[Victoria Watcher]

1933 Crescent Rd

 

 

 

$2,895,000

 

If you have been looking to build your dream Waterfront home in a premier location in Oak Bay, look no further. This is a tremendous opportunity to acquire a 60-foot wide, 9,256-square-foot lot with a very attractive building envelope and is the last home to have step-down Gonzales beach access from the property. Offering picturesque southwest views of the Salish Sea with snow-capped Olympic Mountains by day and spectacular sunsets at night, this parcel of land is a true gem. Gonzales Beach is a protected bay that offers a wonderful warmer micro-climate and long-lasting evening sun. Building permit and approved plans are ready to go with Award-winning Zebra Design. The thoughtful, modern custom design sprawls over three levels and features approximately 3,700-square-foot of living space or design your own. Enjoy the convenience of being only a few minutes from downtown Victoria, exceptional schools, beaches, yacht clubs and golf courses. This is truly an opportunity to create something special.

 

https://www.realtor....ak-bay-gonzales

 

 

 

 

Edited by Victoria Watcher, 14 March 2023 - 10:47 PM.

[Barrrister]

A builder trying to dump a property? Costs are way up and the market has slowed.

[Victoria Watcher]

$1,149,900

 

 

635 Foul Bay Rd.

 

 

 

https://www.realtor....-fairfield-east

 

 

Here is an opportunity to purchase the last lot remaining of three proposed premium, flat residential building lots located close to the South Oak Bay border in desirable Fairfield. Proposed Lot A is located on the corner of Foul Bay Rd and Romney Rd, a stone throw from top amenities, schools, parks and trails. Build roots in this thriving community. This subdivision is in the process of being registered and will be serviced with water and sewer to the lot line as per Municipal requirements for Subdivision. Please do not walk the property without permission of the listing agent.

 

 

 

Edited by Victoria Watcher, 24 March 2023 - 08:30 AM.

[Victoria Watcher]

$45,000,000

 

Spectacular rare 330+ level waterfront acres of groomed meadows, forest, oceanfront and creek front. Situated in Comox Valley, this property features over a mile of oceanfront with an abundance of wildlife over 2 titles. Facing east across to Denman Island and surrounds, with oyster beds and waterfowl galore, enjoy hours of birdwatching. Pristine water resources are endless, sitting on an aquifer with 6 wells producing over 2000gal/min, a year around pond, and a creek bordering the east boundary. With almost 200 acres of immensely fertile and irrigated high yield hay/alfalfa fields, numerous barns, outbuildings, the opportunities are endless. This is the perfect property to hold for future development, build your private estate or grow this income producing farm. Situated on Beautiful Vancouver Island, our island in the Pacific, you won't find a more gorgeous opportunity to build your legacy estate while supporting your equestrian family. Located a quick 30 minutes to Courtenay and 1 hour to Nanaimo, this is an easy commute to the mainland for international travel.

 

https://www.realtor....56915/fanny-bay

 

 

 

 

 

Situated on Beautiful Vancouver Island, our island in the Pacific, you won't find a more gorgeous opportunity to build your legacy estate while supporting your equestrian family. 

 

 

 

 

It's getting expensive to keep horses.

Edited by Victoria Watcher, 24 March 2023 - 08:47 AM.

[Mike K.]

Wasn’t this priced at $38 million not that long ago?