- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1012424
- Photos (17)
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PRIME DEVELOPMENT SITE IN COLWOOD CORNERS neighbouring new residential & commercial mixed use development opposite the prestigious Royal Colwood Golf course. ALL restrictive covenants have been REMOVED and the site is now ready for your development proposal. This is the heart of Colwood with recreational facilities, shopping, transit, sports fields and Esquimalt Lagoon close by. The lot is 23,458sqft currently zoned R1 however the OCP is designated COLWOOD CORNERS & TRANSIT ORIENTED CORRIDOR permitting higher density 4.5 FAR. The municipality is focusing the highest density along the Sooke Road, Goldstream and Wale Road corridor with recent approvals in excess of 30+ story buildings. The property offers approximately 195'83 feet frontage along Colwood Crescent and 99'76 feet frontage along Sooke Road with rear road frontage along Colwood Crescent. BUYERS MUST DO THEIR OWN DUE DILIGENCE RE DEVELOPMENT BEFORE SUBMITTING AN OFFER. The seller and tenant will rent back at market rates
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building, Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Co Colwood Corners, Colwood
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 0.539 acre(s)
- Taxes:
- Signup
- Building Features:
- High Traffic Area, Parking, Shopping Nearby, Transit Nearby, Visual Exposure
- Construction:
- Frame Wood, Stucco, Stucco & Siding
- Foundation:
- Concrete Perimeter, Slab
- Electricity:
- Yes
- Ceiling Heights:
- Signup
- Floor finish:
- Carpet, Hardwood, Linoleum, Tile
- Total Building Area:
- 1,250 sq. ft.
- Commercial Area:
- Signup
- Water supply:
- Municipal, To Lot, Well: Shallow
- Sewer:
- Sewer Connected, Sewer To Lot
- Cooling:
- None
- Heating:
- Forced Air, Oil
- Fireplace:
- No
- Pending Date:
- Signup
- Fixtures, Parking, Real Estate
- Fencing: Partial, Low Maintenance Yard, Sign: Allowed, Storefront
- Corner of Sooke Road and Jerome Cres and Colwood crescent
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Utilities:
- Cable Available, Compost, Electricity Connected, Garbage, Natural Gas Available, Phone Available, Recycling
- Lot Site Features:
- Adult-Oriented Neighbourhood, Central Location, Cleared, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Level, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk, See Remarks
- Parking Features:
- On Site
- Total Parking Spaces:
- 20
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Aug 30, 2025
- Original Price:
- 2200000.0
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Current Zoning map R1 - OCP is Colwood Corners Transit Growth Oriented Corridor
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Neighbouring development Colwood Corners
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Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated December 14, 2025 at 02:05 PM (UTC)
Area Statistics
- Listings on market:
- 13
- Avg list price:
- $2,999,000
- Min list price:
- $1,249,000
- Max list price:
- $7,900,000
- Avg days on market:
- 229
- Min days on market:
- 19
- Max days on market:
- 465
These statistics are generated based on the current listing's property type
and located in
Colwood. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- EAMON COLL
- TEAM 3000 Realty Ltd.
- 1 (250) 8889515
- Contact by Email
Location
114-4480 West Saanich Rd.
Victoria, BC, V8Z 3E9