$2,398,000
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0.28 Acres Lot
SOLD DATE : 11/23/2020
Key Details
Sold Price $2,398,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 856186
Annual Tax Amount $28,559
Tax Year 2019
Lot Size 0.280 Acres
Property Description
Attractive development property on prime downtown core corner lot in Sidney by the Sea on
Vancouver Island. Holding income provided by well established tenants leases. C-1 zoning with
bonus density allows up to 4 storeys and a 3.0 FAR. Few properties exist that offer this type of
desired location and exposure on two main intersecting avenues. Existing building built in 1981
allows for creative expansion if so desired by a new owner. Location relevant to key destinations
such downtown Victoria, Victoria International Airport, water/beaches and BC Ferries to the Gulf
Islands, Vancouver and Anacortes(USA), are unprecedented, making this a most valued investment
asset. Sidney's location, temperate climate, natural amenities and friendly community character
are paramount in development considerations.
Location
Province BC
County Capital Regional District
Area Si Sidney North-East
Zoning C - 1
Exterior
Parking On Site 1
Building
Lot Description Corner
Foundation Slab
Structure Type Brick,Concrete,Frame Wood
Others
Pets Description Yes
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Bought with AY Victoria Realty Ltd.
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