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Royal LePage
Royal LePage
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$6,999,900

Sooke BC, V9Z 0W3

MLS® # 1013873

Property Information:

Great Opportunity on this fully serviced Zoned & Approved Townhouse Site. Paved roads, 2 entrances, infrastructure & servicing are all in. This is the best location imaginable in Sooke's Core, steps to Schools, Sports, Recreation & all Amenities. 33-unit townhouse site that can be a phased development with Quick turnaround potential, as Development Permit has been approved. Someone might get a proposed change to the Development Permit for the existing units? Or build what’s there. Have positioned the project at $7.5 million to attract a broad range of potential buyers, considering the sellers have already paid landscape bond of $238,131.30, $12,000 landscape fees, $40,000 building deposits, $102,000 building permit fees for 8 units, 4 of the units are at the lockup stage. With an additional investment of approx $800,000, the project could potentially generate around $3 mill in quick sales—one of the key advantages of this development is Buyer getting a fast return on their investment.

Property Features:

  • Annual Tax Amount: $16,279
  • Floor Space (approx): 8000 Square Feet
  • Lot Features: Acreage
  • Lot Frontage: 118483.2 Square Feet
  • Lot Size: 2.72 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Water Source: Municipal
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 66

Courtesy of: Maxxam Realty Ltd.

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.

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⚠ Potential Investment Performance

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Location of Lot 17 Steeple Chase, Sooke, BC, V9Z 0W3

Demographic Information of Lot 17 Steeple Chase, Sooke, BC, V9Z 0W3

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$123,230.22

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.97 %

High school certificate or equivalent

32.43 %

Apprenticeship trade certificate/diploma

11.72 %

College/non-university certificate

23.83 %

University certificate (below bachelor)

2.42 %

University Degree

14.62 %

Commuter

Travel To Work

By Car

88.22 %

By Public Transit

1.98 %

By Walking

6.04 %

By Bicycle

0.22 %

By Other Methods

3.54 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

3.29 %

Houses

96.71 %

Own Vs. Rent

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