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7 Bed Land in Saanich East

$2,595,000

3959 Cumberland Rd
MLS® NO: 953453

Description

A very rare offering: Just under an acre of property on the edge of the Quadra-McKenzie Corridor Center in Saanich which is a focal point for the concentration of redevelopment and densification. And with the new BC Small Scale Multi Housing Policy, the possibilities are broad. This unique and wonderful Property has been in the same family for over 60 years and many new families have blossomed from it creating a trove of fond memories. But really the value is in the land where the currant R-6 Zoning and Official Community Plan support subdividing the Property into 5 new lots, and in accordance with the BC Housing Policy, potentially providing housing for up to 30 new families and the Saanich Planning Department has also expressed support for higher density in this area. So maybe, purchase and re-zone to a higher density to create even more housing and return on investment. A fabulous Development Opportunity. Click the link provided for more information.

General

Property Type:Land
Title of Ownership:LOT A, PLAN VIP4536, SECTION 32, VICTORIA LAND DISTRICT
Layout:Main Level Entry with Upper Level(s)
Taxes:$9,935
Tax Year:2023
Finished Sq. Ft.:2,852
Unfinished Sq. Ft.:480
Year Built:1935

Building Details

Foundation: Poured Concrete
Roof: Asphalt Shingle
Heat/Air: Baseboard

Site Influences

Lot SqFt: 40,074
Acres: 0.92
Water: Municipal
Waste: Sewer Connected
Parking: Driveway, RV Access/Parking
Lot Features: Central Location, Cleared, Easy Access, Rectangular Lot, Rural Setting, See Remarks

Strata Lot Information

Rental Restrictions: Unrestricted

Room Dimensions

Property Details

Beds: 7
Baths: 3
Sq. Feet: 2,852
Year Built: 1935
Property Type: Land
Municipality: Saanich East

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