21,029 sq. ft.
Devencore Victoria is pleased to present the offering of this 21,029 square foot residential development site in the City of Victoria’s highly desirable Gonzales neighbourhood. Offered for sale for the first time in more than 40 years, it provides an opportunity for a straightforward subdivision by a developer or builder seeking to take advantage of the very strong demand for single family dwellings on the chronically undersupplied east side of the City. More creative development approaches may also be pursued with the City.
The subject property is located within the City of Victoria at the southwest corner of Romney Road and Foul Bay Road. The site is rectangular in shape with frontage of just over 190 feet along Romney Road and 110 feet along Foul Bay Road. All municipal services are adjacent to the site, including sanitary and storm sewers, private utilities and two water service connections. The site features gently sloping topography for the most part, rising just slightly from Foul Bay Road. There is a well-established hedge along Foul Bay Road, acting as a useful screen and buffer from pedestrian and vehicular traffic. Allowing for the anticipated road dedication, a preliminary subdivision plan indicates the potential for three single family lots under the existing zoning. Access to each lot would be from Romney Road. No formal application has been made to the City of Victoria to date however and any buyer should undertake independent investigation as to the feasibility and layout for any prospective subdivision plan or other development strategy.
The subject is improved with a four-bedroom house originally built in 1942. The main floor comprises 1,520 square feet and includes the main entry, kitchen and eating area, dining room, living room, family room, sitting room, one bedroom and a 4-piece bathroom. The upper floor provides 947 square feet of finished space, including the master bedroom, two additional bedrooms and a 4-piece bathroom. The walk-out basement is unfinished and measures 994 square feet, including the laundry room, a workshop and storage space. Other features include: a 3-ton American Standard heat pump that was installed in 2012; two wood-burning fireplaces; a 200-amp electrical panel installed in 2012; a fiberglass shingle roof installed in 2009; two outdoor decks of 329 and 105 square feet respectively; a hot tub; and an outdoor in-ground heated swimming pool.
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