Rare opportunity to acquire up to five seaside lots within the Primary Growth Area 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 for decades. With stunning views of Cordova Bay 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, are across from the restaurant & are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, allowing up to 4 storeys on two of the lots that lie within the Primary Growth Area, & 2 storeys on the remaining lot. Altogether, these five lots offer an array of future development potential that will help shape the landscape of Cordova Bay.
| Address |
5090 Cordova Bay Rd |
| List Price |
$13,500,000 |
| Property Type |
Residential |
| Type of Dwelling |
Single Family Detached |
| Area |
Saanich East |
| Sub-Area |
SE Cordova Bay |
| Bathrooms |
8 |
| Floor Area |
10,993 Sq. Ft. |
| Lot Size |
56470 Sq. Ft. |
| Year Built |
1922 |
| MLS® Number |
942890 |
| Listing Brokerage |
Sotheby's International Realty Canada
| William Wright Commercial Real Estate Service - Victoria Branch
|
| Basement Area |
Walk-Out Access |
| Postal Code |
V8Y 2K5 |
| Tax Amount |
$128,580 |
| Tax Year |
2022 |
| Features |
Bar, Forced Air, Heat Recovery, Natural Gas |
| Amenities |
Central Location, Near Golf Course, Park Setting, Recreation Nearby, Shopping Nearby, Walk on Waterfront |
