Development Opportunity in the Heart of Esquimalt

$3,400,000

1140- 1148 Esquimalt Rd

Development opportunity! Located in the heart of Esquimalt across the street from The Archie Browning Sports Centre, 1140 & 1148 Esquimalt Road represent an exciting opportunity for redevelopment in the growing Esquimalt Town Centre neighbourhood! These properties offer a rare combination of immediately rentable suites in an area with high demand while being located in an area where the Official Community Plan proposes Medium Density Residential Development. The new Small-Scale Mulit-Family Housing guidelines allows for 4 dwelling on each property. The properties are south facing with mountain views visible from the top suites and are surrounded by amenities and recreational opportunities. This is a chance to build a lasting legacy, all that is needed is to bring your ideas and offers to the table! Seller to consider offers on February 20 2025

Details

Lot Size: 0.36 acres
Municipality: Esquimalt
Type: Multi Family
Taxes: $14,617.00
MLS® NO: 985073

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Listed with:

Sylvia Therrien - Newport Realty Ltd.

Shoayb Bascal - Newport Realty Ltd.