Residential Property in Saanich East

$7,500,000

5090 Cordova Bay Rd
MLS^® NO: 1028445

Description

Rare development opportunity to acquire three seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098 Cordova Bay Road. Located in one of Victoria's most prestigious neighbourhoods, They are the core of this community. With stunning views of the ocean and direct beach access across the road, this site offers inherent potential to take advantage of the existing blend of commercial and residential zoning, in step with Official Community Plan updates. The three vacant lots are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use for up to four storeys on two lots that lie within the PGA, and two storeys on the remaining lot. This opportunity for future development will help shape the landscape of Cordova Bay.

General

Property Type:Single Family Detached

Title of Ownership:Lot 1, Section 30, Lake District, Plan 6219 Lot 2, Section 30, Lake District, Plan 6219 Lot 3, Section 30, Lake District, Plan 6219

Layout:Other

Taxes:$34,808

Tax Year:2025

Display Full Description

Interior Details

Basement Type: None

Building Details

Foundation: None

Roof: See Remarks

Heat/Air: Other

Site Influences

Lot SqFt: 39,719

Acres: 0.91

Water: Municipal

Waste: Sewer Available

Parking: Open, None

Lot Features: Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Near Golf Course

Strata Lot Information

Rental Restrictions: Unrestricted

Room Dimensions

Unfinished

Garage12x18

Property Details

Beds: 0

Baths: 0

Sq. Feet:

Year Built:

Property Type: Single Family Detached

Municipality: Saanich East

Back To Listings

Listed with:

Glynis MacLeodSotheby's International Realty Canada
Phone: 250-661-7232
Fax: 250-380-3939

Kirsten MacLeodSotheby's International Realty Canada
Phone: 250-686-3385

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.