About This Property
An outstanding opportunity to secure a townhome development site in Saanich, with a development permit approved but expired. The proposed development permits nine (9) townhomes in a highly central and desirable location within Greater Victoria. Surrounded by established residential communities, the site is just minutes from schools, parks, major amenities, and Downtown Victoria, offering both convenience and strong lifestyle appeal. With increasing demand for missing middle housing, this site is well-positioned to deliver a product that appeals to families, professionals, and downsizers alike. This is a compelling opportunity for developers looking to enter or expand within the Greater Victoria market with a project aligned to current housing needs. (id:64973)
At $172 per square foot, this vacant land represents a compelling value proposition compared to the Saanich market average of $225 per square foot for similar-sized townhome development sites. The approved development permit and central location within Greater Victoria make this an attractive opportunity for experienced developers seeking to capitalize on the rising demand for "missing middle" housing in the region.
Property Details
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