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$5,059,000

5 Erskine Lane, View Royal, BC, V8Z 1R7

MLS® # 987515

MULTIMEDIA

Property Information:

Attention Developers! We’re pleased to offer the last large development site for sale on Erskine Lane that’s perched high at the end of the road with southerly views overlooking View Royal to the Olympic Mountains. This 47,000 square foot property is designated “Intensive Mixed Use” in the View Royal Official Community Plan, which foresees commercial and residential uses in buildings up to 5 Storeys with a maximum 2.5:1.0 FSR. This site enjoys the best location and outlook for exclusive ocean view apartments on every level. Municipal infrastructure upgrades are underway to service similar development projects on Erskine Lane. Two rental houses provide holding income while development plans are formulated. Don’t miss this exciting opportunity to build a true landmark building in View Royal! Please DO NOT walk the property without a confirmed appointment!

Property Features:

  • Bedrooms: 0
  • Bathrooms: 0
  • Annual Tax Amount: $19,878
  • Lot Features: Acreage, Cul-De-Sac, Easy Access, Pie Shaped Lot, Serviced, Southern Exposure
  • Lot Frontage: 47254 Square Feet
  • Lot Size: 1.08 Acres
  • Ownership: Freehold
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Land Value Only, Resale
  • Property Sub Type: Land
  • Road Surface Type: Paved
  • Utilities: Cable Available, Electricity Available, Phone Available
  • View: City, Mountain(s)
  • Water Source: Municipal
  • Zoning: A-3
  • Zoning Description:
  • Sewer:
  • No. of Parking Spaces: 4

Courtesy of: Sutton Group West Coast Realty

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Location of 5 Erskine Lane, View Royal, BC, V8Z 1R7

Demographic Information of 5 Erskine Lane, View Royal, BC, V8Z 1R7

Life Stage

Nearly Retired

Employment Type

Mixed

Average Household Income

$112,590.57

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.0 %

High school certificate or equivalent

25.0 %

Apprenticeship trade certificate/diploma

7.77 %

College/non-university certificate

27.24 %

University certificate (below bachelor)

1.82 %

University Degree

24.17 %

Commuter

Travel To Work

By Car

69.58 %

By Public Transit

12.25 %

By Walking

6.82 %

By Bicycle

3.17 %

By Other Methods

8.18 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.49 %

Houses

86.51 %

Own Vs. Rent