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Page 1: Peatt Street Condo Development Site For Sale, Langford, BC

KEVIN PIRIE (250) 381-2265 ext. [email protected]

PAT GUINEY (250) [email protected]

FOR SALE2697 / 2701 Peatt Road, Langford, BC

40,946 sq. ft.

MU-1A, Mixed Use Residential Commercial

Vacant land with one single family residential and one out building

P.I.D. 001-050-681 and 000-619-761Lot 1 and Parcel B (DD D57399) of Lot, A Section 109, Esquimalt District,

$2,022,000 (2011)

$2,200,000

Key Facts

The information contained herein is obtained from sources believed to be reliable, however, NAI Commercial, and its agents assume no liability for its accuracy and all parties are advised to verify all information to their satisfaction. Prices and terms are subject to change or withdrawal without notice.

KEVIN PIRIE (250) 381-2265 ext. [email protected]

PAT GUINEY (250) [email protected]

Site Size

Existing Use

Zoning

Price

Legal Description

Assess Value

Opportunity Recently re-zoned 81 unit multi-family condo site ready for Development Permit application.

Great central location with south facing exposure and great access / egress.

On-site sales room with fully furnished display suite included in list price. Attractive Amenity contribution credits already approved by Langford.

Location 2697 / 2701 Peatt Road in downtown Langford. The property has great access off Peatt Road as well as off Lalrkhall Road via the Veterans Memorial Parkway.

Zoning MU-1A, Mixed Use Residential Commercial

Price $2,200,000

FOR SALE2697 / 2701 Peatt Road, Langford, BC

Condo Development Site

Page 2: Peatt Street Condo Development Site For Sale, Langford, BC

KEVIN PIRIE (250) 381-2265 ext. [email protected]

PAT GUINEY (250) [email protected]

FOR SALE 2697 / 2701 Peatt Road, Langford, BC

Overview

The City of Langford is a growing community on the West Shore of Greater Victoria which has a total population of over 330,000 residents.

The community of Langford is the driving force of the West Shore and is home to the region’s mid to large format retailers including Costco, Home Depot and Staples to name a few.

Langford has a well earned reputation for being business friendly and progressive.

The OCP identies the subject property as part of the City Centre. As such, the site is targeted for increased density and is on a major arterial route slated for intensied public transit and amenities for local and area residents.

Community Plan

Development Stage

The subject property is zoned and ready for DP application. The sales ofce is complete with furnishings and ready to start marketing units.

Zoning includes substantial nancial reduction in amenity fees.

This is one of the few shovel ready sites available in the Western Communities.

It has an area of approximately 40,946 sq. ft. with Peatt Road frontage of approximately 170 feet.

Strategically located at the Peatt Trafc Circle which is planned for a major re-design.

The site is level and gravel based.

Property Description

Full package of information including architectural plans, engineering and environmental reports available for qualied purchasers. Potential revenue from existing on-site residence and out building during pre-construction phase. This site is ready to go and well suited for the current economic climate.


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