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485 Head St Esquimalt, British Columbia V9A 5S1

$2,890,000

Water Front Property with C7-A Zoning. C7-A Zoning allows a mix of commercial & residential uses compatible with the West Bay including Tourist Accommodation.This is the only location in Esquimalt w/this zoning remaining. Site coverage is Currently limited to 40% but can build up to 11.7 meters (38.4 ft). With new provincial regulation eliminating most short term rental accommodations, this zoning allows the owner to capitalize on less competition & the projected increase in overnight rates after the ban comes into place in May 2024 realizing good holding income while deciding what to do with the property long term. Properties at 474 Head St have been rezoned into a Comprehensive Development Zone (CD-98) w/allowable FSR of 1.3 & no site coverage restrictions aside from required setbacks Properties at 464 & 460 Head St have been rezoned to ComprehensiveDevelopmentZone(CD 103) w/allowable FSR of 1.32 & no site coverage restrictions aside from required setbacks. (id:29647)

Business

Business Type Accommodation

Property Details

MLS® Number 954677
Property Type Other
Neigbourhood Esquimalt

Building

Constructed Date 1998
Fireplace Present No
Size Exterior 3064 Sqft
Type Other

Land

Acreage No
Size Irregular 6471
Size Total 6471 Sqft
Size Total Text 6471 Sqft
Zoning Description C7-a
Zoning Type Unknown

https://www.realtor.ca/real-estate/26565424/485-head-st-esquimalt-esquimalt


William Wright Commercial Real Estate Service - Victoria Branch
843 Johnson Street
Victoria, British Columbia V8W 0G3

(250) 590-5797
(604) 428-5254
https://www.williamwright.ca/
https://www.facebook.com/WilliamWrightCommercial/
https://www.linkedin.com/company/william-wright-commercial/
https://twitter.com/wwcommercial
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Engel & Volkers Vancouver Island
137-1325 Bear Mountain Parkway, Victoria Bc, V9b 6t2
Victoria, British Columbia V9B 6T2

(778) 433-8885

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