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 4 suites, all occupied - DO NOT DISTURB OCCUPANTS. Must be purchased with neighboring 14,200 Sq Ft property (2639 Sooke Rd). Total current rental revenue for all 4 units is $5,750. Rental revenue total for both properties combined is $9,650.
Data was last updated July 13, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
40
Avg list price:
$892,500
Min list price:
$399,900
Max list price:
$2,975,000
Avg days on market:
40
Min days on market:
2
Max days on market:
298
Avg price per sq.ft.:
$529.51
These statistics are generated based on the current listing's property type
and located in
La Walfred. Average values are
derived using median calculations. This data is not produced by the MLS® system.