DEVELOPMENT OPPORTUNITY! This property situated in a walkable community near shopping, banking, amenities, schools and public transportation offers the opportunity for redevelopment/rezoning to higher density to accommodate townhomes or mixed use development up to 4 stories with an FAR of 1.75 equating to a permitted development of approximately 11,970sqft subject to application and approval from the municipality. The Official Community Plan provides for ''Neighbourhood Centre'' permitting the following uses - Multi-unit residential, mixed-use, Commercial, Institutional, Live/work, home occupation and customer service oriented industrial uses. Buyers must complete their due diligence with Colwood municipality to ensure the buyers may utilise the property for their intended use. The 2 bedroom mobile home on the property provides $1800 per month revenue while you plan your development. (id:4069)
Address
592 Heatherly Rd
List Price
$899,000
Property Type
Single Family
Type of Dwelling
House
Area
British Columbia
Sub-Area
Colwood
Bedrooms
2
Bathrooms
1
Floor Area
840 Sq. Ft.
Lot Size
6840 Sq. Ft.
Year Built
1972
MLS® Number
979004
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Postal Code
V9C1K1
Zoning
R1 Residential
Features
Central location, Curb & gutter, Level lot, Other, Rectangular, Marine Oriented
