Excellent development property. Conditional approval for a 73 unit building plus 7000 Sq Ft of commercial. Prime location. The surrounding properties are quickly being built up with commercial, residential condos & apartments. Developments in the immediate area have rezoned for great density. Arterial street for high visibility, well served by bus, minutes from shopping. This is an opportunity to secure a level, broad parcel with all municipal services at the doorstep in an area earmarked for development. Building on site is considered to have little value, but has 4 suites, all occupied - DO NOT DISTURB OCCUPANTS. Must be purchased with neighboring 14,374 sqft property (2639 Sooke Rd). Total current rental revenue for all 4 units is $5,750. Rental revenue total for both properties combined is $9,650. (id:2493)
Data was last updated June 23, 2025 at 09:45 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$1,124,500
Min list price:
$480,000
Max list price:
$1,750,000
Avg days on market:
20
Min days on market:
3
Max days on market:
104
Avg price per sq.ft.:
$385.48
These statistics are generated based on the current listing's property type
and located in
Walfred. Average values are
derived using median calculations.
Matt Bourque, Personal Real Estate Corporation, REALTOR®
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
