589 Ledsham Road offers builders, investors and commercial owner-users an opportunity to acquire a level development site in Colwood's growing West Shore market. The 16,553 sq. ft. property provides approximately 72.5 ft. of frontage and is located just off the Sooke Road commercial corridor. Community Commercial (C2) zoning permits a broad range of uses, including retail, restaurants, offices, personal services, daycare and fitness facilities. Current zoning allows a maximum 1.0 FAR, representing approximately 16,553 sq. ft. of buildable floor area, with up to 50% lot coverage and a maximum height of three storeys. The property is improved with an approximately 2000 sq. ft. single-family home generating holding income on a month on a month-to-month tenancy, while providing ample storage and parking for commercial activities. A 2021 Phase I ESA did not recommend further Phase II investigation. Development potential is subject to municipal approval and purchaser due diligence.
Address
589 Ledsham Rd
List Price
$1,450,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Colwood
Sub-Area
Co Hatley Park
Lot Size
16553 Sq. Ft.
Lot Size (Acres)
0.38 Ac.
MLS® Number
1050487
Listing Brokerage
Pemberton Holmes Ltd.
| Pemberton Holmes - Westshore
Postal Code
V9C 1J9
Tax Amount
$13,216.00
Tax Year
2016