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$4,200,000
Est. payment /mo
0.66 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1022033
Rental Info Unrestricted
Annual Tax Amount $22,866
Tax Year 2025
Lot Size 0.660 Acres
Acres 0.66
Property Sub-Type Unimproved Land
Property Description
Under court-ordered sale, Colliers is pleased to present the opportunity to acquire 983 Bray Avenue, a multifamily development site prominently located in the heart of Langford, one of Greater Victoria's fastest-growing residential nodes. Strategically situated near Peatt Road and Goldstream Avenue, the Property offers excellent accessibility, visibility, and proximity to a wide range of urban amenities. The previously approved development plans contemplated a six-storey multifamily building totalling 115 residential units, with two levels of underground parking. The Property represents a near-shovel-ready opportunity for developers seeking a well-located, mid-rise project in Langford's rapidly maturing downtown area, with 75% of the Building Permit (BP) drawings completed. The Development Permit (DP) has now lapsed, but can be reinstated with the City of Langford. Please note that the sale of the property will be subject to approval by the Supreme Court of British Columbia.
Location
State BC
County Capital Regional District
Area La Langford Proper
Zoning CC1
Exterior
Parking On Site 1
Others
Tax ID 031-881-793
Ownership Freehold
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Listed by Colliers