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Frank Chan Frank Chan
$1,450,000 - ML# 1050487
589 Ledsham Rd
Colwood - Co Hatley Park

This is only a guide. Please verify this information with your mortgage specialist.

589 Ledsham Road offers builders, investors and commercial owner-users an opportunity to acquire a level development site in Colwood's growing West Shore market. The 16,553 sq. ft. property provides approximately 72.5 ft. of frontage and is located just off the Sooke Road commercial corridor. Community Commercial (C2) zoning permits a broad range of uses, including retail, restaurants, offices, personal services, daycare and fitness facilities. Current zoning allows a maximum 1.0 FAR, representing approximately 16,553 sq. ft. of buildable floor area, with up to 50% lot coverage and a maximum height of three storeys. The property is improved with an approximately 2000 sq. ft. single-family home generating holding income on a month on a month-to-month tenancy, while providing ample storage and parking for commercial activities. A 2021 Phase I ESA did not recommend further Phase II investigation. Development potential is subject to municipal approval and purchaser due diligence.

Title:
Freehold 
Transaction Type:
 
Includes Building:
No 
Includes Business:
No 
Includes Land:
No 
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Sale Price 
Possession:
Negotiable 
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Taxes:
$13,216.00 (2016) 
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Building Details

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Lot Information

SqFt:
16553 
Acres:
0.38 
Total SqFt:
1972 
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Strata Information

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Listed with:

Pemberton Holmes Ltd.
Phone: 250-986-8900 / Fax:

Pemberton Holmes - Westshore
Phone: 250-508-5668 / Fax:

Pemberton Holmes - Westshore

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.