5090 Cordova Bay Rd, Saanich, BC, V8Y 2K5

$13,500,000

MLS® # 942890

House For Sale In Cordova Bay, Saanich, British Columbia

$13,500,000

Property Information:

Rare opportunity to acquire up to five seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098, 5105 & 5109 Cordova Bay Rd. Located in one of Victoria's most prestigious neighbourhoods, two of the five lots include the former Beach House restaurant, a prime oceanfront landmark that has been the epicentre of the community. With stunning views of the beach, this site offers inherent potential to take advantage of the existing blend of commercial & residential zoning or redevelop the site into higher density, luxury residential accommodation, in step with recent Official Community Plan updates. The 3 remaining lots, currently used for parking across from the restaurant, are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, for up to 4 storeys on two lots that lie within the PGA, & 2 storeys on the remaining lot.These five lots offer future development potential that will help shape the landscape of Cordova Bay.

Property Features:

  • Bedrooms: 0
  • Bathrooms: 8
  • Annual Tax Amount: $128,580
  • Basement: Walk-Out Access
  • Built in: 1922
  • Construction Materials: See Remarks
  • Cooling: Air Conditioning
  • Floor Space (approx): 12397 Square Feet
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air, Heat Recovery, Natural Gas
  • Interior Features: Bar
  • Laundry Features: In House
  • Lot Features: Central Location, Near Golf Course, Park Setting, Recreation Nearby, Shopping Nearby, Walk on Waterfront
  • Lot Frontage: 56470 Square Feet
  • Lot Size: 1.30 Acres
  • Ownership: Freehold
  • Parking Features: Driveway, On Street
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type: Single Family Detached
  • Road Surface Type: Paved
  • Roof: Metal
  • View: Mountain(s), Other
  • Water Source: Municipal
  • Waterfront Features: Ocean Front
  • Zoning Description: Residential/Commercial
  • Sewer:
  • No. of Parking Spaces: 10

Courtesy of: Sotheby's International Realty Canada, William Wright Commercial Real Estate Service - Victoria Branch

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Additional Photos