DEVELOPMENT OPPORTUNITY! This property situated in a walkable community near shopping, banking, amenities, schools and public transportation offers the opportunity for redevelopment/rezoning to higher density to accommodate townhomes or mixed use development up to 4 stories with an FAR of 1.75 equating to a permitted development of approximately 11,970sqft subject to application and approval from the municipality. The Official Community Plan provides for "Neighbourhood Centre" permitting the following uses - Multi-unit residential, mixed-use, Commercial, Institutional, Live/work, home occupation and customer service oriented industrial uses. Buyers must complete their due diligence with Colwood municipality to ensure the buyers may utilise the property for their intended use. The 2 bedroom mobile home on the property provides $1800 per month revenue while you plan your development.
| Address |
592 Heatherly Rd |
| List Price |
$899,000 |
| Property Type |
Residential |
| Type of Dwelling |
Single Family Residence |
| Area |
Colwood |
| Sub-Area |
Co Royal Roads |
| Bedrooms |
2 |
| Bathrooms |
1 |
| Floor Area |
840 Sq. Ft. |
| Lot Size |
6840 Sq. Ft. |
| Lot Size Acres |
0.16 Ac. |
| Year Built |
1972 |
| MLS® Number |
979004 |
| Listing Brokerage |
Royal LePage Nanaimo Realty (NanIsHwyN)
|
| Basement Area |
Crawl Space, Other |
| Postal Code |
V9C 1K1 |
| Tax Amount |
$2,392 |
| Tax Year |
2023 |
| Features |
Baseboard, Dining/Living Combo, Eating Area, Electric, F/S/W/D, Mixed, Refrigerator, Window Coverings |
| Amenities |
Balcony/Deck, Central Location, Curb & Gutter, Easy Access, Fencing: Partial, Ground Level Main Floor, Level, Marina Nearby, Near Golf Course, No Through Road, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Workshop |
