3221 Heatherbell Rd - Apartments FOR SALE
Colwood, BC V9C 1Y8 |
$7,900,000 CAD
250-414-8379
3221 Heatherbell Rd
Colwood, BC V9C 1Y8
HIGHLIGHTS
- +/- 3.90-acre development site in the City of Colwood, offering a rare oceanfront location providing luxurious waterfront community living.
- Area 4 previously had a development permit for two six-storey residential buildings consisting of 62 units.
- Nearby amenities are abundant within a short driving distance, including Royal Roads University, Royal Bay, and the Beachlands.
- Delivered with zoning in place, thereby limiting entitlement risk.
- Flexible zoning for residential, hotel, retail, office, restaurant, and/or a senior care facility.
OVERVIEW
The Property is an exceptionally well-located 3.90-acre waterfront development site, with an existing two-storey commercial heritage building also included in the offering. The heritage building, known as the Pendray House, is presently vacant.
The Property features spectacular views over Esquimalt Lagoon, the Strait of Juan de Fuca and beyond to the Olympic Mountain Range.
FOR SALE DETAILS
PRICE
$7,900,000 CAD
PRICE/SF
$940 CAD /SF
# OF UNITS
33
PRICE/UNIT
$239,394
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pendray House
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1920
PARKING SPACES
30
LAND DETAILS
LAND ACRES
3.9 AC
LAND SF
169,884 SF
ZONING
CD15
APN/PARCEL ID
-
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250-414-8379
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250-414-8379
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