999 Violet Avenue, Marigold Saanich

Description

A rare opportunity to acquire a large corner lot residential property at 999 Violet Ave.This 1950s home is coming to the market for the first time in over 30 years. The home is being sold as is where is, and the value of the property lies in its development potential. At over 18,000 sq ft, this large corner lot has many possibilities for redevelopment. From subdivision to Townhouse or multi-unit, there are plentA rare opportunity to acquire a large corner lot at 999 Violet Ave. This 1950s home is coming to the market for the first time in over 30 years. The home is being sold as is where is, and the value of the property lies mainly in its development potential. At over 18,000 sq ft, this large corner lot has many possibilities for redevelopment. From subdivision to Townhouse or multi-unit, there are plenty of options for builders looking to capitalize on this large lot. Pre-liminary conversations with Saanich highlight the opportunity to subdivide the property into two approx. 9000 sq ft lots. This is the easiest option as the original lot sizes on the street are 9000 sq ft. The potential also lies in the ability to create 3 x 6000 sq ft lots due to the property's corner location. New regulations under the Small Scale Multi-Tenant Housing (SSMH) allow for multi-unit dwellings. The property also benefits from newly upgraded sidewalks and road improvements along Grange Rd.y of options for builders looking to capitalize on this large lot. Pre-liminary conversations with Saanich highlight the opportunity to subdivide the property into two approx. 9000 sq ft lots. This is the easiest option as the original lot sizes on the street are 9000 sq ft. The potential also lies in the ability to create 3 x 6000 sq ft lots due to the property's corner location. New regulations under the Small Scale Multi-Tenant Housing (SSMH) allow for multi-unit dwellings. The property also benefits from newly upgraded sidewalks and road improvements along Grange Rd. (id:39198)

Listed By

The listing brokerage and/or agent is Pemberton Holmes Ltd.

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