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 (MLS 965344) - 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 future development potential with 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 and William Wright Commercial Real Estate Service - Victoria Branch
Data was last updated September 18, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
64
Avg list price:
$1,744,500
Min list price:
$599,000
Max list price:
$13,500,000
Avg days on market:
68
Min days on market:
1
Max days on market:
552
Avg price per sq.ft.:
$719.91
These statistics are generated based on the current listing's property type
and located in
SE Cordova Bay. Average values are
derived using median calculations.