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  • 1217-1221 Carlisle Avenue in VICTORIA: Es Esquimalt Vacant Land for sale (Esquimalt) : MLS®# 412317

    Main Photo: 1217-1221 Carlisle Avenue in VICTORIA: Es Esquimalt Vacant Land for sale (Esquimalt)  : MLS®# 412317
    • Photo 1: 1217-1221 Carlisle Avenue in VICTORIA: Es Esquimalt Vacant Land for sale (Esquimalt)  : MLS®# 412317
    $4,400,000
    Commercial
    Status:
    Active
    MLS® Num:
    412317
    Build. Type:
    See Remarks
    NEW PRICE: This incredibly rare redevelopment opportunity is a three parcel Land Assembly in the revitalized heart of Esquimalt's Saxe Point neighborhood. Current OCP Designation permits medium multi family with a density of 2.0 and up to 6 storys, finished livable of 40,000 square feet. The floor area ratio could go even higher with approved amenity bonusing. For the past two years, similar built out condo developments have been selling at an average price of $600/square foot, with recent sales going for as high as $750+/square foot. The potential positive impact on the township and returns on a redevelopment are outstanding. This Assembly is located across the street from the highly anticipated Esquimalt Town Square, two minutes to the Esquimalt Rec Centre, Plaza, and minutes walk to Saxe Point Park. Once redeveloped many south facing units would enjoy views of the Ocean and the Olympic Mountains. This is by far the most exciting Assembly offering in ages! More details
    Listed by Fred Hiigli of Newport Realty Ltd.
    TOBY TREMBATH
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Data was last updated August 20, 2019 at 04:05 AM (UTC)
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