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5090 Cordova Bay Rd

Saanich, BC V8Y 2K5
  • $13,500,000
  • STATUS: Active
  • ON SITE: 221 Days
  • MLS #: 942890
$13,500,000
  • 0
    BEDS
  • 1.3
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 10,993
    SQFT
  • $1,228
    $/SQFT
Neighbourhood:
Type:
Single-Family Home
Built:
1922
Area:

Description

Rare opportunity to acquire up to five seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098, 5105 & 5109 Cordova Bay Rd. Located in one of Victoria's most prestigious neighbourhoods, two of the five lots include the former Beach House restaurant, a prime oceanfront landmark that has been the epicentre of the community. With stunning views of the beach, this site offers inherent potential to take advantage of the existing blend of commercial & residential zoning or redevelop the site into higher density, luxury residential accommodation, in step with recent Official Community Plan updates. The 3 remaining lots, currently used for parking across from the restaurant, are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, for up to 4 storeys on two lots that lie within the PGA, & 2 storeys on the remaining lot.These five lots offer future development potential that will help shape the landscape of Cordova Bay.

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http://www.vreb.org/vreb/VREBReciprocityProgram.html

VIVA (Vancouver Island & Victoria REBs) logo 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. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-04-20T15:13:44.15.
www.dayteam.com/homes/143321989
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5090 Cordova Bay Rd Saanich, BC V8Y 2K5

  • Price: $13,500,000
  • Status: Active
  • On Site: 221 Days
  • MLS #: 942890
0
Beds
8
Baths
0
½ Baths
1.3
Acres
10,993
SQFT
$1,228
$/SQFT
1922
Built
Neighbourhood:
Se Cordova Bay
Area:
Saanich East
School District:
Capital Regional District
Property Description
Rare opportunity to acquire up to five seaside lots within the Primary Growth Area (PGA) of Cordova Bay Village, including 5090, 5094, 5098, 5105 & 5109 Cordova Bay Rd. Located in one of Victoria's most prestigious neighbourhoods, two of the five lots include the former Beach House restaurant, a prime oceanfront landmark that has been the epicentre of the community. With stunning views of the beach, this site offers inherent potential to take advantage of the existing blend of commercial & residential zoning or redevelop the site into higher density, luxury residential accommodation, in step with recent Official Community Plan updates. The 3 remaining lots, currently used for parking across from the restaurant, are zoned RS-18, with the new OCP paving the way for rezoning to commercial mixed use, for up to 4 storeys on two lots that lie within the PGA, & 2 storeys on the remaining lot.These five lots offer future development potential that will help shape the landscape of Cordova Bay.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Construction Materials See Remarks Entry Location Main Level Garage YN No Lot Features Central LocationNear Golf CoursePark SettingRecreation NearbyShopping NearbyWalk on Waterfront Open Parking YN Yes Parking Features DrivewayOn Street Parking Total 10 Road Surface Type Paved Roof Metal View Mountain(s)OceanOther View YN Yes Waterfront Features Ocean Front Waterfront YN Yes

Interior Features

Basement Walk-Out Access Cooling Air Conditioning Cooling YN Yes Fireplace YN No Fireplaces Total 0 Foundation Details Concrete Perimeter Heating Forced AirHeat RecoveryNatural Gas Heating YN Yes Interior Features Bar Laundry Features In House Main Level Bathrooms 3 Main Level Bedrooms 0

Property Features

New Construction YN No Ownership Freehold Pets Allowed AquariumsBirdsCaged MammalsCats OKDogs OK Property Condition Resale Property Sub Type Single Family Detached Rental Allowed Unrestricted Sewer Sewer Connected Tax Annual Amount 128580 Tax Jurisdiction District of Saanich (SD63) Tax Year 2022 Water Source Municipal Youngest Age Allowed 0 Zoning Description Residential/Commercial

VIVA (Vancouver Island & Victoria REBs) logo Listing provided courtesy of Sotheby's International Realty Canada and [CO-OFFICENAME].

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.
http://www.vreb.org/vreb/VREBReciprocityProgram.html

VIVA (Vancouver Island & Victoria REBs) logo 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. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-04-20T15:13:44.15.
 
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