206 Mary St, MLS 389853, Victoria
Development Property, virtually waterfront. South & east facing water view across from Park & waterfront West Song Walkway to Downtown Victoria or West Bay Marina. See the Inner Harbour & new Songhees Marina being built 228m away. City is in the process of amending the OCP & proposing townhomes or apartments up to 3 storeys, density up to 1.2 Floor Space Ratio. 7200sqft corner lot. Calculates to a 8640sqft building. Maybe have 6 units of 1440sq.ft. each? A comparable sale of #301 65 Songhees worked out to $900 sq.ft. & built in 1989. Other similar waterfront – view properties closer to Victoria are around $1200sq.ft. for new construction. Across the street & up 2 lots they propose 4 storeys. Current building foot print is aprx 4663sqft, warehouse with mezzanine space, current tenant in place for decades. Approx. 1855sq.ft. of waterview office space above with 2 ba, reception area & 4 offices presently vacant. Buy as holding property or apply for rezoning. PLS don’t disturb tenants. (id:24212)
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