Residential Property in Colwood
588 Heatherly Rd
MLS® NO: 888483
DEVELOPMENT OPPORTUNITY! This property along with #592, & #584 will be sold together as a "land assembly" with the opportunity for redevelopment/rezoning. These properties offer a total of approximately .57 of an acre or roughly 24,510 sqft of land. Located within the 200 meter "Transit Growth Area" requirement with Colwood, & offering the potential to rezone to a multi use residential with municipal approvals. The Colwood OCP supports (on a case by case basis) ground orientated & low rise buildings up to 4 storeys, & up to 6 stories in some situations, with an FAR ranging up to 2.5. This is a great central location & close to many amenities such as a retail centre right across the street. The total price of this land assembly is $3,310,000. Buyers to verify development/permit approvals through Colwood. Please do not walk the properties without permission.