1217-1221 Carlisle Ave, Esquimalt, V9A 5C7

NEWCommercial - Commercial Land For Sale in Es Esquimalt

$4,800,000

Beds
Baths
4,000Sqft
.45Acres
Built
1DOM
MLS® #: 412317
Current, 1 Days on Market

Incredibly rare redevelopment opportunity! Three parcel Land Assembly in the revitalized heart of Esquimalt's Saxe Point neighborhood. Current OCP Designation permits medium multi family with a density of 2.0 and up to 6 storys, finished livable of 40,000 square feet. The floor area ratio could go even higher with approved amenity bonusing. For the past two years, similar built out condo developments have been selling at an average price of $600/square foot, with some recent sales going for as high as $750+/square foot. The potential positive impact on the township and returns on a redevelopment are outstanding. This Assembly is located across the street from the highly anticipated Esquimalt Town Square, two minutes to the Esquimalt Rec Centre, Plaza, and minutes walk to Saxe Point Park. Once redeveloped many south facing units would enjoy views of the Ocean and the Olympic Mountains. This is by far the most exciting Assembly offering in ages!

Essential Information

MLS® #: 412317
Price: $4,800,000
Square Footage: 4,000
Acres: 0.45
Type: Commercial
Sub-Type: Commercial Land
Style: See Remarks
Status: Current

Community Information

Address: 1217-1221 Carlisle Ave
Subdivision: Es Esquimalt
City: Esquimalt
Province: BC
Postal Code: V9A 5C7

Exterior

Exterior: Stucco, Wood Siding
Lot Description: Serviced
Construction: Frame Wood

Additional Information

Date Listed: June 14th, 2019
Days on Market: 1
Zoning: Res.

Listing Details

Listing Office: Newport Realty Ltd.

Financials

$/SqFt: $1,200

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