Residential Property in View Royal

$4,959,000

5 Erskine Lane
MLS^® NO: 1022122

Description

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!

General

Property Type:Single Family Detached

Title of Ownership:LOT B, SECTION 91 AND 93, ESQUIMALT DISTRICT, PLAN VIP57062 EXCEPT THOSE PARTS INCLUDED IN PLANS VIP61158 AND VIP61159

Layout:Main Level Entry with Upper Level(s)

Taxes:$21,017

Tax Year:2025

Finished Sq. Ft.:1

Year Built:1960

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Interior Details

Basement Type: None

Building Details

Foundation: Poured Concrete

Roof: Fibreglass Shingle

Heat/Air: Forced Air, Oil, Wood

Site Influences

Lot SqFt: 47,254

Acres: 1.08

Water: Municipal

Waste: Septic System

Zoning: A-3

Parking: Carport, Detached, Driveway, Garage Double, RV Access/Parking

Lot Features: Acreage, Cul-de-sac, Easy Access, Pie Shaped Lot, Serviced, Southern Exposure

Strata Lot Information

Rental Restrictions: Unrestricted

Room Dimensions

Main Level

Entrance1x1

Property Details

Beds: 0

Baths: 0

Sq. Feet: 1

Year Built: 1960

Property Type: Single Family Detached

Municipality: View Royal

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Listed with:

Marcus Degroot
Sutton Group West Coast Realty
Phone: 250-882-0898

Robert Woodland
Sutton Group West Coast Realty
Phone: 250-507-7771
Fax: 250-479-3565

Karen Love
Sutton Group West Coast Realty
Phone: 250-727-5868

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