PRIME DEVELOPMENT SITE in Colwood Corners neighbouring new residential & commercial mixed use development opposite the prestigious Royal Colwood Golf course, positioned on the Transit Growth Corridor. ALL restrictive covenants have been REMOVED and site is now ready for your proposed development. This is the heart of Colwood with recreational facilities, shopping, arena, Galloping Goose trail, transit and Esquimalt Lagoon close by. The lot is 23,458sqft zoned R1 however the OCP is designated Colwood Corners permitting a maximum FAR of 4.5. The municipality is focusing the highest density along the Sooke Road, Goldstream and Wale Road corridor with recent approvals in excess of 30+ story buildings. The property offers approximately 195'83 feet frontage along Colwood Crescent and 99'76 feet frontage along Sooke Road with rear road frontage. NOTE: 3 to 4 story townhomes will not be supported by the municipality. The seller and his tenant will rent back at market rates for an agreed term.
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated September 3, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
170
Avg list price:
$879,000
Min list price:
$399,900
Max list price:
$3,688,000
Avg days on market:
75
Min days on market:
1
Max days on market:
438
Avg price per sq.ft.:
$552.81
These statistics are generated based on the current listing's property type
and located in
Colwood. Average values are
derived using median calculations. This data is not produced by the MLS® system.