5 Erskine Lane

Description

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! (id:63159)

Property Details

Annual property tax

$20,176.62

Brokerage

Sutton Group West Coast Realty

Location Insights

Population

11,575

(2021 Census)

+11.2% since 2016

Density

807.7/km²

Dwellings

5,175

Median household income

$98,000

After-tax

$86,000

Immigrant population

18.4%

Top countries of origin

• United Kingdom3.5% · 400
• India2.5% · 290
• Philippines1.3% · 145
• United States of America1% · 120
• China1% · 115
• Germany0.6% · 65
• Pakistan0.5% · 55
• Hong Kong0.4% · 45

Source: Statistics Canada, 2021 Census of Population.

Weather

Nearest station: Esquimalt

14°C

—

Humidity 87%

Wind SSW 12 km/h

Today

21°

Tonight

12°

Thursday

19°

Thursday night

12°

Friday

16°

Friday night

11°

Source: Environment and Climate Change Canada.