Prime Colwood development opportunity on Sooke Road. This large, level 81’ x 266’ lot offers approximately 21,500+ sq.ft. within the Transit Growth Area of the Colwood OCP. Current R1 zoning, improved with a fully tenanted, detached 5-bedroom house with a 2-bedroom suite on the top level, and large workshop provides holding income during planning. OCP policy supports multi-unit residential and increased density, subject to approvals. A 6-storey residential development has been approved across the street, reinforcing the redevelopment potential of this corridor. Convenient access to transit, Veterans Memorial Parkway, Metchosin Road, Westshore Town Centre, Royal Roads University, and key amenities. This is a compelling acquisition for builders, developers, or long-term land holders looking for a strategic site in one of the West Shore’s key growth areas. Buyer to verify development potential with the City of Colwood.
Address
2321 Sooke Rd
List Price
$1,700,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Colwood
Sub-Area
Co Hatley Park
Bedrooms
6
Bathrooms
2
Floor Area
2,664 Sq. Ft.
Lot Size
21546 Sq. Ft.
Lot Size (Acres)
0.49 Ac.
Year Built
1948
MLS® Number
1036920
Listing Brokerage
Pemberton Holmes Ltd. - Oak Bay
Basement Area
Full, Partially Finished, Walk-Out Access, With Windows
Postal Code
V9B 1X6
Tax Amount
$4,145.54
Tax Year
2025
Features
Forced Air, Mixed, Mixed, Natural Gas, Oil, Wood
Amenities
Central Location, Easy Access, Family-Oriented Neighbourhood, In Wooded Area, Level, Near Golf Course, Private, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure, Workshop
