Miller*
1721-B Cowichan Bay Road
Cowichan Bay, BC
Canada V0R 1N1
Details
| Address | 5090 Cordova Bay Rd |
| Area | Saanich East |
| Sub Area | Cordova Bay |
| State/Province | British Columbia |
| Country | Canada |
| Price | $13,500,000 |
| Property Type | Single Family |
| Bedrooms | 0 |
| Bathrooms | 8 |
| Floor Space | 10993 Square Feet |
| Lot Size | 56470.00 Square Feet |
| Waterfront | Yes |
| Year Built | 1922 |
| Taxes | $128,580 |
| Tax Year | 2022 |
| Colisting Brokerage | WILLIAM WRIGHT COMMERCIAL REAL ESTATE SERVICE - VICTORIA BRANCH |
| MLS® # | 942890 |
Rare opportunity to acquire up to five seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098, 5105 & 5109 Cordova Bay Rd. Located in one of Victoria's most prestigious neighbourhoods, two of the five lots include the former Beach House restaurant, a prime oceanfront landmark that has been the epicentre of the community. With stunning views of the beach, this site offers inherent potential to take advantage of the existing blend of commercial & residential zoning or redevelop the site into higher density, luxury residential accommodation, in step with recent Official Community Plan updates. The 3 remaining lots, currently used for parking across from the restaurant, are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, for up to 4 storeys on two lots that lie within the PGA, & 2 storeys on the remaining lot.These five lots offer future development potential that will help shape the landscape of Cordova Bay.
Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA
NOTE: MLS® property information is provided under copyright © by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.
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