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. |
| Year Built | 1946 |
| MLS® Number | 968580 |
| Listing Brokerage | RE/MAX Generation |
| Basement Area | Partially Finished |
| Postal Code | V8Z 3J3 |
| Tax Amount | $4,091 |
| 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 |
