FOR SALE 3.0 ACRE DEVELOPMENT SITE 3490 Luxton Road, Langford B.C.
HIGHLIGHTS • • • • • •
3.0 acre development parcel Non - ALR land in the Luxton Road corridor Varied topography providing valley views from upper elevations +/-200 metres west of Happy Valley Road and +/-1.2km south of Sooke Road Favorable Official Community Plan designation supporting higher density development Existing 1500 square foot 3 bedroom residence
PURCHASE PRICE
DAVE BORNHOLD Cell: (250) 686-2988
[email protected] Devencore Realty Victoria Ltd. Tel (250) 382-3400 Fax (250) 382-1333 www.devencorenkfvictoria.com
One Million Four Hundred and Ninety Five Thousand Dollars ($1,495,000) Tel. 250 382 3400
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www.devencorenkfvictoria.com
FOR SALE LEASE
3.0 ACRE DEVELOPMENT SITE 3490 Luxton Road, Langford B.C. LOCATION AND DESCRIPTION The subject property is located in south Langford on Luxton Road which connects Sooke and Happy Valley Roads. Luxton Road is comprised of several agricultural acreages and smaller family subdivisions. The Happy Valley Road corridor has experienced massive growth in recent years with higher density small lot subdivisions and townhouse developments. With Happy Valley Road nearing total buildout of available non ALR land, the Luxton Road corridor is now more appealing than ever for developers seeking single family inventory in this area. The subject site is an irregular shaped parcel with undulating topography featuring three distinct benches of land. Municipal water is connected to the site while sanitary sewers are available nearby at Happy Valley Road. Over the past decade, Langford has transformed into a dynamic, modern and increasingly attractive urban environment. According to 2011 census data, Langford, Colwood and View Royal averaged over 15% growth since 2006, with Langford at a provincial high with 30%, making the municipality one of the fastest growing communities in Canada. This growth has fuelled extensive new commercial development in the area, including a major expansion of the Westshore Town Centre, “big box” retail development along Millstream Avenue and major mixed use redevelopment of Goldstream Avenue. It has also driven extensive street beautification, service upgrades and new recreational and park amenities. A number of master planned developments are under construction and in various stages of planning in the region which will serve to further expand residential and commercial growth in the area.
LOCATION MAP
ZONING AND LAND USE Current zoning is RR2, Rural Residential 2 Zone. The Official Community Plan (OCP) designates the area as “Neighborhood” supporting a range of low and medium density housing choices.
LEGAL DESCRIPTION Lot A, Sections 83, 84, 89, and 90, Metchosin District, Plan 17475. Property Identifier: 003-929-817
LEGAL SURVEY EXCERPT
DAVE BORNHOLD Partner, Commercial Sales & Leasing Tel. (250) 382-3400 Cell. (250) 686-2988
[email protected] Information contained herein has been obtained from the owners or sources deemed reliable by Devencore Realty Victoria Ltd. While we have no reason to doubt its accuracy, we regret we cannot guarantee such information. All measurements and other information herein should be independently verified by the reader or prospective user and is subject to the user’s own inspection of the premises and due diligence work and to the user’s satisfaction with the results of such review.
Tel. 250 382 3400
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www.dtzvictoria.com www.devencorenkfvictoria.com