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Pendray House 3221 Heatherbell Rd 33 Unit Apartment Building $4,978,795 USD ($150,873 USD/Unit) Colwood, BC V9C 1Y8
INVESTMENT HIGHLIGHTS
- +/- 3.90-acre development site in the City of Colwood, offering a rare oceanfront location providing luxurious waterfront community living.
- Nearby amenities are abundant within a short driving distance, including Royal Roads University, Royal Bay, and the Beachlands.
- Flexible zoning for residential, hotel, retail, office, restaurant, and/or a senior care facility.
- Area 4 previously had a development permit for two six-storey residential buildings consisting of 62 units.
- Delivered with zoning in place, thereby limiting entitlement risk.
EXECUTIVE SUMMARY
The Property is an exceptionally well-located 3.90-acre waterfront development site, with an existing two-storey commercial heritage building also included in the offering. The heritage building, known as the Pendray House, is presently vacant. The Property features spectacular views over Esquimalt Lagoon, the Strait of Juan de Fuca and beyond to the Olympic Mountain Range.
PROPERTY FACTS
| Price | $4,978,795 USD | Building Class | B |
| Price Per Unit | $150,873 USD | Lot Size | 3.90 AC |
| Sale Type | Investment | Building Size | 8,400 SF |
| No. Units | 33 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 3.57/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | CD15 - Comprehensive Development 15 | ||
| Price | $4,978,795 USD |
| Price Per Unit | $150,873 USD |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 3.90 AC |
| Building Size | 8,400 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Parking Ratio | 3.57/1,000 SF |
| Zoning | CD15 - Comprehensive Development 15 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
SITE AMENITIES
- Waterfront
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 33 | - | 1,042 - 4,064 |
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Pendray House | 3221 Heatherbell Rd
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