Virtuoso Volare

Overview

Opportunity to acquire a DP-ready development site totalling 40,808 SF (0.94 acres) in the heart of Langford’s City Centre. Rezoning from R2 to CC2 (City Centre 2) achieved 3rd Reading in August, 2022 to allow development of a proposed 6-storey apartment building (strata or rental tenure) with 114 units totaling 121,805 SF of buildable area (2.98 FSR). Final adoption of rezoning is imminent – potential for a buyer to adjust the unit mix and layouts / sizes prior to development permit approval.

The site comprises five legal lots under common ownership, with primary frontage onto Scafe Road and parkade access from Wren Place at the rear of the site. The property is ideally located steps from Goldstream Avenue, the primary pedestrian friendly corridor in the core of Langford, full of restaurants, shopping, and local services.

The proposed six-storey building features 5 two-level townhouses and 109 apartment units with an attractive mix of 1-, 2- and 3-bedroom layouts. Each unit offers a recessed balcony, while residents also have access to a private outdoor rooftop amenity along with indoor and outdoor amenity spaces on the ground floor. 145 parking stalls are provided within an at-grade and underground parkade (one level). As part of the project, a new public pathway is to be constructed, providing pedestrian access to an expanded Porcher Park being planned by the City of Langford, directly opposite the subject on the north side of Wren Place.

Proposed building areas / suite mix

• Total FSR area: 121,805 SF
• Total saleable / rentable area: 99,370 SF

Location

The property is idyllically located on a quiet street, steps from the urban conveniences of Langford’s rapidly growing City Centre. The area is envisioned in the Official Community Plan as a vibrant and walkable neighbourhood, supported by high-density mixed-use development. The Goldstream Avenue corridor, one block south of the subject site, is to be the heart of the City Centre.

The project is situated just 250 m to Langford City Hall and 500 m from the new $100 million Westshore University campus anticipated to be completed in 2024. This unique joint-venture facility will allow students to take courses offered by the University of Victoria, Camosun College, Royal Roads University, and the Justice Institute of British Columbia all within a single campus.

The property is centrally located within Langford, a half-block from two main transit stops and with convenient access to both the Trans Canada Highway and Veterans Memorial Parkway. The major regional shopping district is located 1 km south along Langford Parkway; major retailers in this area include Walmart Supercentre, Real Canadian Superstore, Canadian Tire, Lowe’s Home Improvement, Cineplex Odeon, along with multiple grocery stores and both the Westshore Town Centre and Belmont Market shopping centres.

Other location highlights include close proximity to multiple schools, parks, tennis courts and playing fields. Regionally significant recreational amenities in the area include the Royal Colwood Golf Club, Mill Hill and Thetis Lake Regional Park, the Juan de Fuca Recreation Centre, and Bear Mountain, a nearby resort community offering championship golf courses, tennis, hiking and mountain biking trails.