9254 Rideau Ave

Multi Family For Sale in NS Dean Park, North Saanich


An exceptional opportunity to own a high-profile multi-family development site in the affluent municipality of North Saanich. Designated as “Multi-Family Affordable Residential”, this 0.5-acre site would permit up to 15 townhome or 30 condo units per acre under the current OCP. Centrally located in Area 1 (McTavish), this node has been earmarked for increased density. The new, upcoming OCP is anticipated to be adopted in mid-2022 should the purchaser decide to hold in the near term. Alternatively, a 5-lot single family home subdivision may be possible with local precedent at the neighbouring Eaglehurst subdivision. The property is currently improved with a two-storey home with revenue suite. Located a short drive away is downtown Sidney, Victoria International Airport, Swartz Bay Ferry Terminal and downtown Victoria. Qualified buyers should conduct their own due diligence with the local municipality and relevant consultants regarding development potential.
Address 9254 Rideau Ave
List Price $1,798,000
Property Type Commercial Sale
Type of Dwelling Multi Family
Area North Saanich
Sub-Area NS Dean Park
Lot Size 21780 Sq. Ft.
Year Built 1981
MLS® Number 872870
Listing Brokerage 8X Ventures Inc
Postal Code V8L 1E8
Tax Amount $2,692
Tax Year 2020
Features Baseboard, Electric, Forced Air, Mixed, Wood
Amenities Acreage, Balcony, Balcony/Deck, Balcony/Patio, Central Location, Cleared, Easy Access, Fencing: Partial, Garden, Landscaped, Level, Marina Nearby, Park Setting, Private, Recreation Nearby, Rural Setting, See Remarks, See Remarks, Serviced, Shopping Nearby, Sidewalk

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Royal LePage

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