LAND ASSEMBLY ADJACENT TO THE BC TRANSIT - ROYAL OAK BUS EXCHANGE. 4580 ELK LAKE DRIVE + 521 NORMANDY ROAD = 16,682 SQ FT / 0.383 ACRES. THE SITE BORDERS ROAYL OAK DR / ELK LAKE DRIVE / NORMANDY RD. IT IS JUST STEPS AWAY FROM THE BUS EXCHANGE + COMMONWEALTH PLACE AND THE BROADMEAD VILLAGE SHOPPING PLAZA ARE CLOSE BY. THIS SITE IS BEING SOLD FOR DEVELOPMENT POTENTIAL DUE TO BILL 47 SUGGESTING 3.5 (FAR) MID RISE BLD UP TO 10 STOREYS. THERE IS THE ADDED BENEFIT OF COLLECTING RENTAL REVENUE IN THE INTERIM DURING THE REDEVELOPMENT STAGES. AN EXCELLENT LOCATION FOR THE CREATION OF MUCH NEEDED AFFORDABLE HOUSING IN VICTORIA. COMBINED PRICE OF: $3.6M
| Address | 4580 Elk Lake Dr |
| List Price | $2,015,000 |
| Property Type | Residential |
| Type of Dwelling | Triplex |
| Area | Saanich West |
| Sub-Area | SW Royal Oak |
| Bedrooms | 6 |
| Bathrooms | 4 |
| Floor Area | 3,204 Sq. Ft. |
| Lot Size | 9307 Sq. Ft. |
| Lot Size Acres | 0.21 Ac. |
| Year Built | 1986 |
| MLS® Number | 968573 |
| Listing Brokerage | RE/MAX Generation |
| Basement Area | None |
| Postal Code | V8Z 5M1 |
| Tax Amount | $4,670 |
| Tax Year | 2023 |
| Features | Baseboard, Bay Window(s), Blinds, Carpet, Ceiling Fan(s), Dining Room, Dishwasher, Dryer, Eating Area, Electric, Insulated Windows, Laminate, Linoleum, Oven/Range Electric, Range Hood, Refrigerator, Washer, Window Coverings, Workshop |
| Amenities | Balcony/Patio, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Landscaped, Level, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk |