Residential Property in Malahat & Area

$795,000

LOT 1 Frayne Rd
MLS^® NO: 988942

Description

Don’t miss the rare opportunity of endless possibilities that this 1.5-acre prime frontage parcel located in the flourishing seaside community of Mill Bay has to offer. Just steps from shops, restaurants, bank, groceries, marina, ferry access, and Brentwood College, this property is perfectly positioned for both residential and commercial potential. Currently zoned R3 residential, its exceptional frontage on three roads—including the Trans Canada Highway—makes it a prime candidate for investigating rezoning (buyer to verify with CVRD), whether for a larger development or a commercial venture. Enjoy partial ocean views, a drilled well already in place, and the convenience of being within walking distance to the beach—all just a short 30-minute commute to Victoria. Explore the potential today! Purchase price is plus GST.

General

Property Type:Land

Title of Ownership:Lot 1, District Lots 18 & 47, Malahat District, Plan EPP127839

Taxes:$2,092

Tax Year:2024

Site Influences

Lot SqFt: 67,518

Acres: 1.55

Water: Well: Drilled

Waste: None

Zoning: R3

Lot Features: Acreage, Central Location, Cleared, Corner, Easy Access, Level, Marina Nearby, Recreation Nearby, Shopping Nearby

Strata Lot Information

Rental Restrictions: Unrestricted

Property Details

Beds: 0

Baths: 0

Sq. Feet:

Year Built:

Property Type: Land

Municipality: Malahat & Area

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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.