Primary photo of 5 Erskine Lane, View Royal
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Vacant Land For Sale

$4,959,000

MLS® Number: 1021973

Land Size

1.08

5 Erskine Lane, View Royal, British Columbia

About This Property

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!

Property Details

Land & Location

City Region

Hospital

Lot Features

Central location, Cul-de-sac, Southern exposure, Other, Pie

Lot Size Area

1.08 acres

Lot Size Dimensions

1.08

Parcel Number

018-361-803

Postal Code

V8Z1R7

View

City view, Mountain view

Listing & Financials

Listing Office

Sutton Group West Coast Realty

Originating System Name

Victoria Real Estate Board

Other Specifications

Co List Agent National Association Id2

1031221

Co List Office National Association Id2

1006616

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($991,800)
5.5%
25 Years

Estimated Monthly Payment

$24,362

Principal and interest only. Actual rates may vary.

Location & Map

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List PropertyVacant Land for Sale — 5 Erskine Lane, View Royal | $4,959,000 | Lify.ca