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Listing by Grant Evans Colliers
$ 5,650,000
Est. payment | /mo
0.72 Acres Lot
$ 5,650,000
Est. payment | /mo
0.72 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1029469
HOA Y/N No
Annual Tax Amount $13,664
Tax Year 2025
Lot Size 0.720 Acres
Acres 0.72
Property Sub-Type Multi Family
Property Description
Prime 0.72-acre fully rezoned multi-family development site in the heart of Saanich, approved for a 6-storey, 73-unit condominium building. Located at 3921, 3925 & 3933 Quadra Street, this well-positioned urban infill site offers a rare opportunity in one of Greater Victoria's most supply-constrained markets. The property is rezoned to RA-11 with an approved Development Permit, allowing 73 units with 70,889 sq. ft. of gross building area and an FSR of 2.38. The project is grandfathered under the 2018 Building Code, reducing seismic and adaptability costs. Three existing single-family homes provide approx. $6,000/month in holding income. The approved design includes 1-, 2- and 3-bedroom units, one level of underground parking with 54 stalls (EV-ready), two elevators, and on-site amenities including a playground and outdoor gathering area. Steps from Saanich Centre, transit, schools, parks. See attached brochure for more details
Location
Province BC
County Capital Regional District
Community Se High Quadra
Area Saanich East
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
Nearby Locations
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