5 Erskine Lane
View Royal
V8Z 1R7
$5,299,980
Residential
beds: 0
baths: 0.0
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 965378
- Photos (26)
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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!
- Property Type:
- Residential
- Type:
- Land
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- VR Hospital, View Royal
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Size:
- 1.085 acre(s)
- Kitchens:
- 0
- Taxes:
- Signup
- New Construction:
- No
- Electricity:
- Yes
- Ceiling Heights:
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- Commercial Area:
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- # Bedrooms or Dens Total:
- 0
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 0
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 0
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Water supply:
- Municipal
- Sewer:
- Septic System
- Fireplace:
- No
- Pending Date:
- Signup
- City, Mountain(s)
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
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- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Tenant
- Property Condition:
- Land Value Only, Resale
- Utilities:
- Cable Available, Electricity Available, Phone Available
- Lot Site Features:
- Acreage, Cul-De-Sac, Easy Access, Pie Shaped Lot, Serviced, Southern Exposure
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Total Parking Spaces:
- 4
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- May 29, 2024
- Original Price:
- 5299980.0
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Aerial view of 5 Erskine Lane with approximate boundary highlighted. -
Aerial view showing adjacency to Victoria General Hospital (top) andHelmcken interchange (right).
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View Royal Official Community Plan Land Use Designation map.
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View of 5 Erskine Lane from the southeast.
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View of site from the east.
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View from northeast - building materials along lot line.
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View from the south showing adjacent development on Erskine Lane (left) & VGH precinct (right).
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Southeast view from site toward Portage Inlet.
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Aerial showing southerly views toward Esquimalt Harbour & Olympic Mountains.
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Aerial showing southwesterly views toward Sooke Hills.
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Highway 1 looking west - access via Helmcken Interchange.
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View to southeast showing Helmcken Interchange on Highway 1.
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Aerial view with building materials on 7 Erskine Lane.
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Aerial view of site showing both rental houses.
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View of site showing the 2 rental houses (right) & building materials at 7 Erskine Lane (left).
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View of south rental house on site.
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Rental house on south side of property.
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Galloping Goose Trail passes below south boundary of the property.
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Victoria General Hospital is a major employment centre adjacent to the site.
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Eagle Creek Village provides shopping and services within walking distance.
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Eagle Creek Village Community Centre.
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Nearby View Royal park.
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Galloping Goose Trail near Thetis Lake Park.
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Galloping Goose Trail heading east toward Victoria.
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Nearby Highland Pacific Golf Course.
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Nearby Portage Inlet is great for paddling sports.
Virtual Tour
Listed by Sutton Group West Coast Realty
Data was last updated December 23, 2024 at 02:05 PM (UTC)
Area Statistics
- Listings on market:
- 16
- Avg list price:
- $807,500
- Min list price:
- $358,800
- Max list price:
- $5,299,980
- Avg days on market:
- 67
- Min days on market:
- 18
- Max days on market:
- 208
- Avg price per sq.ft.:
- $637.29
These statistics are generated based on the current listing's property type
and located in
VR Hospital. Average values are
derived using median calculations.
- Kathryn Alexander p.r.e.c.
- Royal Victoria Homes
- 250-881-4440
- info@kalexander.ca
Royal Victoria Homes
Kathryn Alexander p.r.e.c.
2541 Estevan Avenue, Victoria, BC V8R 2S6