Water Front Property with C7-A Zoning. C7-A Zoning allows a mix of commercial & residential uses compatible with the West Bay including Tourist Accommodation.This is the only location in Esquimalt w/this zoning remaining. Site coverage is Currently limited to 40% but can build up to 11.7 meters (38.4 ft). With new provincial regulation eliminating most short term rental accommodations, this zoning allows the owner to capitalize on less competition & the projected increase in overnight rates after the ban comes into place in May 2024 realizing good holding income while deciding what to do with the property long term. Properties at 474 Head St have been rezoned into a Comprehensive Development Zone (CD-98) w/allowable FSR of 1.3 & no site coverage restrictions aside from required setbacks Properties at 464 & 460 Head St have been rezoned to ComprehensiveDevelopmentZone(CD 103) w/allowable FSR of 1.32 & no site coverage restrictions aside from required setbacks. (id:47423)
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Listed By
William Wright Commercial Real Estate Service - Victoria Branch, Engel & Volkers Vancouver Island
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Detailed Information
Listing Contract Date
2024-02-28
Municipal ID
002-376-059
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Zoning Description
C7-A
Zoning
Unknown
Business
Business Type
Accommodation
Building
Constructed Date
1998
Size (Exterior)
3064 square feet
Type
Other
Land
Total Size
6471 square feet
Size of Irregular Land
6471
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