Rare opportunity to acquire up to five seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098, 5105 & 5109 Cordova Bay Rd. Located in one of Victoria's most prestigious neighbourhoods, two of the five lots include the former Beach House restaurant, a prime oceanfront landmark that has been the epicentre of the community. With stunning views of the beach, this site offers inherent potential to take advantage of the existing blend of commercial & residential zoning or redevelop the site into higher density, luxury residential accommodation, in step with recent Official Community Plan updates. The 3 remaining lots, currently used for parking across from the restaurant, are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, for up to 4 storeys on two lots that lie within the PGA, & 2 storeys on the remaining lot.These five lots offer future development potential that will help shape the landscape of Cordova Bay.
Property Type:
Residential
Type:
Single Family Detached
Year built:
1922
(Age: 101)
Living Area:
10,993 sq. ft.1,021.283 m2
Listing General Location:
SE Cordova Bay, Saanich East
Bedrooms:
0
Bathrooms:
8.0
(Full:-/Half:-)
Lot Size:
1.296 acre(s)0.525 hectare(s)
Kitchens:
2
Construction:
See Remarks
New Construction:
No
Basement:
Walk-Out Access
Foundation:
Concrete Perimeter
Roof:
Metal
Total Building Area:
12,397 sq. ft.1,151.719 m2
Total Unfinished Area:
1,404 sq. ft.130.436 m2
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
3
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
5
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
5,424 sq. ft.503.906 m2
Living Area Main Floor:
5,198 sq. ft.482.91 m2
Living Area Other Floor:
377 sq. ft.35.024 m2
Living Area 2nd Floor:
0 sq. ft.0 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
0
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning
Heating:
Forced Air, Heat Recovery, Natural Gas
Fireplace:
No
Bar
Mountain(s), Ocean, Other
Ocean Front
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
District of Saanich (SD63)
Number of 2 piece baths:
4
Number of 3 piece baths:
0
Number of 4 piece baths:
0
Number of 5 piece baths:
4
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Resale
Exposure / Faces:
West
Layout:
Other
Lot Site Features:
Central Location, Near Golf Course, Park Setting, Recreation Nearby, Shopping Nearby, Walk on Waterfront
Listed by Glynis MacLeod of Sotheby's International Realty Canada
and Jeffery Hassler of William Wright Commercial Real Estate Service - Victoria Branch
Data was last updated December 9, 2023 at 12:05 AM (UTC)
Area Statistics
Listings on market:
49
Avg list price:
$1,800,000
Min list price:
$777,888
Max list price:
$13,500,000
Avg days on market:
68
Min days on market:
1
Max days on market:
268
Avg price per sq.ft.:
$790.76
These statistics are generated based on the current listing's property type
and located in
SE Cordova Bay. Average values are
derived using median calculations.