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4580 Elk Lake Dr

Elk Lake Dr, Sannich, Saanich, BC, V8Z 5M1

6
Beds
4
Baths
3,204
Sq. Ft.
$2,015,000
List Price
Details
Photos
12
Comparables
History
4580 Elk Lake Dr, Saanich, BC - 1 of 3
4580 Elk Lake Dr, Saanich, BC - 2 of 3
4580 Elk Lake Dr, Saanich, BC - 3 of 3
180 days on market

Quick Summary

  • Strategically located adjacent to BC Transit
  • Sizeable land assembly of 16,682 sq ft
  • Potential for mid-rise development up to 10 storeys
  • Opportunity to generate rental income during redevelopment
  • Convenient access to Commonwealth Place and Broadmead Village

LAND ASSEMBLY ADJACENT TO THE BC TRANSIT - ROYAL OAK BUS EXCHANGE. 4580 ELK LAKE DRIVE + 521 NORMANDY ROAD = 16,682 SQ FT / 0.383 ACRES. THE SITE BORDERS ROAYL OAK DR / ELK LAKE DRIVE / NORMANDY RD. IT IS JUST STEPS AWAY FROM THE BUS EXCHANGE + COMMONWEALTH PLACE AND THE BROADMEAD VILLAGE SHOPPING PLAZA ARE CLOSE BY. THIS SITE IS BEING... Show More

LAND ASSEMBLY ADJACENT TO THE BC TRANSIT - ROYAL OAK BUS EXCHANGE. 4580 ELK LAKE DRIVE + 521 NORMANDY ROAD = 16,682 SQ FT / 0.383 ACRES. THE SITE BORDERS ROAYL OAK DR / ELK LAKE DRIVE / NORMANDY RD. IT IS JUST STEPS AWAY FROM THE BUS EXCHANGE + COMMONWEALTH PLACE AND THE BROADMEAD VILLAGE SHOPPING PLAZA ARE CLOSE BY. THIS SITE IS BEING SOLD FOR DEVELOPMENT POTENTIAL DUE TO BILL 47 SUGGESTING 3.5 (FAR) MID RISE BLD UP TO 10 STOREYS. THERE IS THE ADDED BENEFIT OF COLLECTING RENTAL REVENUE IN THE INTERIM DURING THE REDEVELOPMENT STAGES. AN EXCELLENT LOCATION FOR THE CREATION OF MUCH NEEDED AFFORDABLE HOUSING IN VICTORIA. COMBINED PRICE OF: $3.6M (id:54626)

Property Details

Size

3,204 sq. ft.
24 total rooms
6 Beds
4 Baths
4 Full

Parking

6 Parking Spaces
-

Build

Year Built
1986
Model Name
-
Basement
-
Exterior
-
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-

Heating & Cooling

Heating
Baseboard heaters
Cooling
None
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Rooms

Storage

8′10″ x 18′5″

Family room

18′4″ x 18′8″

Bathroom

Bathroom

Entrance

6′2″ x 9′5″

Laundry room

5′1″ x 9′2″

Laundry room

4′6″ x 4′10″

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Ownership Details

Ownership

Title
Freehold
Zoning
Residential

Source

Listing Brokerage

MLS® Listing
968573
Last Updated
October 1, 2024
Brokerage
RE/MAX Generation
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Call us 800-591-0566

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