Woodframe development site

Overview

Flexible secondary VTB available! Opportunity to acquire a zoned 6-storey mixed-use development site in the Hatley Park neighbourhood of Colwood. The property comprises two adjoining parcels of land totaling 34,821 SF at the high-profile intersection of Sooke Road and Veterans Memorial Parkway.

Site specific CD-33 zoning permits development of a six-storey building up to 2.5 FAR. A development permit application is ready for submission, proposing 82 residential units (strata or rental) and 916 SF of ground-floor commercial space. A well-balanced unit mix features units ranging from 607 SF to 1,063 SF, with an average of 840 SF. A three-level partially exposed parkade provides 147 vehicle stalls, along with bicycle stalls and storage / mechanical rooms. Alternatively, a developer may wish to bring their own vision to the site.

Location

Located at the intersection of Veterans Memorial Parkway and Sooke Road in Colwood, BC, the site is perfectly positioned in a rapidly growing area that combines urban convenience with stunning natural beauty. The surrounding neighborhood boasts a diverse range of amenities including Royal Roads University, Westshore Town Centre, and Hatley National Park. Nearby Glen Lake and the Galloping Goose Trail offer abundant recreational activities, enhancing the family-friendly appeal of the area. This site represents an exceptional opportunity for developers looking to tap into a community characterized by its vibrant growth and scenic landscapes.