LAND ASSEMBLY ADJACENT TO THE BC TRANSIT - ROYAL OAK BUS EXCHANGE. 4580 ELK LAKE DRIVE + 521 NORMANDY ROAD = 16,682 SQ FT / 0.383 ACRES. THE SITE BORDERS ROAYL OAK DR / ELK LAKE DRIVE / NORMANDY RD. IT IS JUST STEPS AWAY FROM THE BUS EXCHANGE + COMMONWEALTH PLACE AND THE BROADMEAD VILLAGE SHOPPING PLAZA ARE CLOSE BY. THIS SITE IS BEING SOLD FOR DEVELOPMENT POTENTIAL DUE TO BILL 47 SUGGESTING 3.5 (FAR) MID RISE BLD UP TO 10 STOREYS. THERE IS THE ADDED BENEFIT OF COLLECTING RENTAL REVENUE IN THE INTERIM DURING THE REDEVELOPMENT STAGES. AN EXCELLENT LOCATION FOR THE CREATION OF MUCH NEEDED AFFORDABLE HOUSING IN VICTORIA. COMBINED PRICE OF: $3.6M
Address
521 Normandy Rd
List Price
$1,585,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Character
Area
Saanich West
Sub-Area
SW Royal Oak
Bedrooms
4
Bathrooms
3
Floor Area
2,119 Sq. Ft.
Lot Size
7375 Sq. Ft.
Lot Size (Acres)
0.17 Ac.
Year Built
1946
MLS® Number
968580
Listing Brokerage
RE/MAX Generation
Basement Area
Partially Finished
Postal Code
V8Z 3J3
Tax Amount
$4,091.00
Tax Year
2023
Features
Baseboard, Carpet, Dining/Living Combo, Dishwasher, F/S/W/D, Forced Air, Linoleum, Oil, Tile, Vinyl Frames, Wood, Wood Frames, Workshop
Amenities
Central Location, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Greenhouse, Guest Accommodations, Irregular Lot, Landscaped, Level, Private, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Storage Shed
