38,461 sq. ft.
Devencore Realty Victoria Ltd. is pleased to present an opportunity to acquire a redevelopment site comprised of an estimated 38,461 square feet within four legal lots. The subject property is conveniently located within Vic West in the City of Victoria, a five minute drive (20 minute walk) to the City’s downtown core.
The Property is currently zoned M-1 & M-2 Limited Light Industrial and Light Industrial Zone which permits a wide variety of uses. Current lot coverage is approximately 57%. The site is designated as a Employment Residential Zone within Victoria’s Official Community Plan (OCP). Employment Residential is envisioned to be within an area that provides significant commercial, light industrial or mixed use buildings up to approximately five storeys in height. Commercial, includes office and retail uses. Light industrial on the ground floor and live work units permitted. Residential uses on upper floors where commercial or light industrial uses comprise the ground floor. Total floor space ratio up to approximately 2.5:1 according to the OCP.
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