Excellent development property. Conditional approval for a 73 unit building plus 7000 Sq Ft of commercial. Prime location. The surrounding properties are quickly being built up with commercial, residential condos & apartments. Developments in the immediate area have rezoned for great density. Arterial street for high visibility, well served by bus, minutes from shopping. This is an opportunity to secure a level, broad parcel with all municipal services at the doorstep in an area earmarked for development. Building on site is considered to have little value, but has two suites, both occupied - DO NOT DISTURB OCCUPANTS. Must be purchased with neighboring 18,700 sqft property (2645 Sooke Rd). Total current rental revenue $3,900. Rental revenue total for both properties combined is $9,650.
Data was last updated July 6, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$864,950
Min list price:
$415,000
Max list price:
$2,975,000
Avg days on market:
37
Min days on market:
2
Max days on market:
291
Avg price per sq.ft.:
$531.97
These statistics are generated based on the current listing's property type
and located in
La Walfred. Average values are
derived using median calculations.