5 Erskine Lane, View Royal, British Columbia V8Z 1R7

Attention Developers! We’re pleased to offer the last large development site for sale on Erskine Lane that’s perched high at the end of the road with southerly views overlooking View Royal to the Olympic Mountains. This 47,000 square foot property is designated “Intensive Mixed Use” in the View Royal Official Community Plan, which foresees commercial and residential uses in buildings up to 5 Storeys with a maximum 2.5:1.0 FSR. This site enjoys the best location and outlook for exclusive ocean view apartments on every level. Municipal infrastructure upgrades are underway to service similar development projects on Erskine Lane. Two rental houses provide holding income while development plans are formulated. Don’t miss this exciting opportunity to build a true landmark building in View Royal! Please DO NOT walk the property without a confirmed appointment! (id:27476)

This property is currently available for sale and is situated on 5 Erskine Lane in the city of View Royal, British Columbia. The land size of this property is 1.08 acres, and it is designated as "Intensive Mixed Use" in the View Royal Official Community Plan. This means that the property is zoned for both commercial and residential use, with buildings of up to 5 storeys and a maximum 2.5:1.0 FSR.

With a total area of 47,000 square feet, this property offers stunning southerly views overlooking View Royal to the Olympic Mountains. It is considered to be the last large development site available on Erskine Lane, and is positioned at the end of the road, providing an exclusive location for ocean view apartments on every level. Municipal infrastructure upgrades are currently in progress to accommodate similar development projects in the area.

Currently, there are two rental houses on the property that provide holding income while development plans are being formulated. This presents an exciting opportunity for developers to create a true landmark building in View Royal. However, it is important to note that access to the property is by confirmed appointment only, and unauthorized visits are not permitted.

In summary, this property is a prime opportunity for developers, with its strategic location, stunning views, and potential for a landmark building in View Royal. The "Intensive Mixed Use" designation in the official community plan allows for a mix of commercial and residential use, making it a versatile and valuable investment.