View Royal · Residential · MLS® 1022122

5 Erskine Lane, View Royal

$4,959,000
1Sq Ft
1960Year Built
196Days on Market

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!

Features & details

DDF Property Type Single Family
Building Type House
View City view, Mountain view
Land Size 47,045 sq ft (1.08 acres)
Construction Date 1960
Feature Acreage
Feature Cul-de-sac
Feature Southern exposure
Feature Other
Feature Pie
Property Type Single Family Detached
Heating Forced Air,Oil,Wood
Cooling None
Parking Spaces 10
Garage Spaces 2
Water Source Municipal
Sewer Septic System
Roof Fibreglass Shingle
Foundation Poured Concrete
Zoning A-3

Room dimensions

Entrance
1 ft x 1 ft

Location

Brokerage Listed by Sutton Group West Coast Realty. Information is deemed reliable but not guaranteed.

Similar properties

Other active properties nearby in price and area.

More in View Royal