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5 Erskine Lane, View Royal

MLS® #1021973
About this Property

Attention Developers! We’re pleased to offer the last large development site for sale on Erskine Lane that’s perched high at the end of the road with southerly views overlooking View Royal to the Olympic Mountains. This 47,000 square foot property is designated “Intensive Mixed Use” in the View Royal Official Community Plan, which foresees commercial and residential uses in buildings up to 5 Storeys with a maximum 2.5:1.0 FSR. This site enjoys the best location and outlook for exclusive ocean view apartments on every level. Municipal infrastructure upgrades are underway to service similar development projects on Erskine Lane. Two rental houses provide holding income while development plans are formulated. Don’t miss this exciting opportunity to build a true landmark building in View Royal! Please DO NOT walk the property without a confirmed appointment! (id:62865)

Property Information

Status

Active

Property Type

Vacant Land

Ownership

Freehold

Annual Tax

$21,017

Zoning

Unknown

Parcel Number

018-361-803

Data Source

Victoria Real Estate Board

Exterior & Lot

Lot Size

1.08 acres

View

City view, Mountain view

Lot Features

Central locationCul-de-sacSouthern exposureOtherPie

$4,959,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Sutton Group West Coast Realty

Mortgage Calculator
$991,800

Loan Amount:

$3,967,200

Estimated Monthly Payment:

$19,333

This is an estimate for informational purposes only. Consult with a financial advisor.