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6519 Throup Rd 8.3 Acres of Commercial Land Offered at $4,022,732 USD in Sooke, BC V9Z 0W6
Investment Highlights
- Development permit approved for 71 townhomes and mixed-use building
- Located near SEAPARC Centre, golf course, and schools
- OCP supports multifamily residential growth in the area
- Reduced asking price of $5.7M for 8.3-acre site
- Cleared level land ready for construction with zoning in place
- Court-ordered sale with offers subject to court approval
Executive Summary
Property Facts
| Price | $4,022,732 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 8.30 AC |
| Property Type | Land | ||
| Zoning | C1 - Neighborhood Commercial | ||
| Price | $4,022,732 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 8.30 AC |
| Zoning | C1 - Neighborhood Commercial |
1 Lot Available
Lot
| Price | $4,022,732 USD | Lot Size | 8.30 AC |
| Price Per AC | $484,666.50 USD |
| Price | $4,022,732 USD |
| Price Per AC | $484,666.50 USD |
| Lot Size | 8.30 AC |
The Site has varied topography with approximately 6.4 acres of cleared level land with the balance being steeper treed topography with streamside impacts from Throup Creek riparian areas
Description
The Subject property benefits from a mix of favorable C1 and RM2 zoning in place, along with RU2. The District of Sooke issued a development permit (DP) on September 27, 2023, for a mixed-use development consisting of 71 townhouses with in 13 buildings with one mixed use 4 storey building with a ground floor commercial unit and 10 apartment units. A copy of the DP is available to interested parties for review. The current zoning would permit a re-imagining of the site to an apartment/condominium style project as well with 50 unit/hectare permitted in the RM2 zone
Presented by
6519 Throup Rd
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