485 Head St Esquimalt, British Columbia V9A 5S1
$2,840,000
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
843 Johnson Street
Victoria, British Columbia V8W 0G3
(250) 590-5797
(604) 428-5254
https://www.williamwright.ca/
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137-1325 Bear Mountain Parkway, Victoria Bc, V9b 6t2
Victoria, British Columbia V9B 6T2
(778) 433-8885
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Victoria Real Estate Board
William Wright Commercial Real Estate Service - Victoria Branch, Engel & Volkers Vancouver Island
April 23 2024 12:26:03
