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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 Sub-Type Retail
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 Allowed Yes
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Bought with Devencore Realty Victoria Ltd
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Kory Prince
Owner/Director of Operations | -V61339
Owner/Director of Operations -V61339