$13,500,000
About this House
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.
Interior Featu
Listed by Sotheby's International /William Wright Commercia.
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Disclaimer: This representation is based in whole or in part on data generated by the VIREB - Vancouver Island Real Estate Board which assumes no responsibility for its accuracy.
Features
- MLS®: 942890
- Type: House
- Bedrooms: 0
- Bathrooms: 8
- Square Feet: 10,993 sqft
- Lot Size: 56,470 sqft
- Taxes: $128,580 (2022)
- Parking: 10 Driveway, On Street
- Fireplaces: 0
- Year Built: 1922