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Informations principales sur l'investissement

  • Fully rezoned and development permit approved for 73 units
  • EV-ready underground parking and bicycle storage
  • Strong demographics with $120K average household income
  • Grandfathered under 2018 Building Code for cost savings
  • Walkable to Saanich Centre, retail, and major transit routes

Résumé analytique

The property has been rezoned with approval of a Development Permit by the District of Saanich Council, changing from RS-6 (Single Family Dwelling) to RA-11. As a result, this combined 31,345 SF site is now approved for construction of a 6-storey, 73-unit condominium building comprising a gross floor area of 70,501 SF. The project is grandfathered under the 2018 Building Code for seismic and adaptability requirements, allowing for substantial construction cost savings compared to newer code requirements. In addition, the 3 single family homes provide nominal interim rental holding income during any pre-development phase. Located in close proximity to retail and service amenities in Saanich Centre, major transit routes as well as recreational options such as Annie Park and the Lochside Regional Trail system, the site offers excellent connectivity as well as walkability.

Pièces jointes

Brochure

Informations sur l’immeuble

Prix 3 854 846 €
Type de vente Investissement
Nb de lots 1
Type de bien Terrain
Sous-type de bien Terrain commercial
Usage proposé Lots d’appartement
Surface totale du lot 0,29 ha
Zonage RA-11 - Apartment Zone

1 Lot disponible

Lot

Prix 3 854 846 €
Prix par ha 13 229 905,61 €
Surface du lot 0,29 ha

This 0.72 acre, fully rezoned multi-family development site strategically located in Saanich offers a rare opportunity to build scale in one of Greater Victoria’s most supply constrained housing markets.

Description

Situated in the heart of Saanich, the property is within walking distance to neighbourhood amenities such as Saanich Centre (featuring Thrifty Food’s, London Drugs, Liquor Plus, Starbucks, and more), TD Bank, Anytime Fitness and Annie Park. Its location along major transit routes and proximity to the Lochside Regional Bike Trail offers connectivity to the wider region including the University of Victoria, Uptown Shopping Centre and downtown Victoria. The immediate area is surrounded by multi-family developments, contributing to a stable and highly desirable rental community

Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
  • ID de l’annonce: 39164200

  • Date de mise sur le marché: 21/01/2026

  • Dernière mise à jour:

  • Adresse: 3925 Quadra St, Victoria, BC V8X 1J3

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