Rare opportunity to acquire up to five lots within the Primary Growth Area of Cordova Bay Village. Located in one of Victoria’s most prestigious neighborhoods, two of the five lots include a prime oceanfront landmark, the former Beach House restaurant. This has been the epicenter of the community for the past two decades. With stunning views of Cordova Bay beach, this site offers inherent potential to take advantage of the existing blend of commercial and residential zoning or redevelop the site into higher density, luxury residential accommodation, in step with recent Official Community Plan (OCP) updates.
The three remaining lots, currently used for parking, are located across from the Beach House and are zoned RS-18 (Single Family Dwelling), with the new OCP paving the way for rezoning to commercial mixed use, which would allow for up to 4 storeys on two of the lots that fall within the Saanich Primary Growth Area, and 2 storeys on the remaining lot.
Altogether, these five lots offer an array of future development potential that will help shape the landscape of Cordova Bay.
5090 Cordova Bay Road, Saanich,
± 56,471 SQFT
005-902-240 / 005-902-215 / 005-902-193 / 000-060-348 / 000-060-364
LOT 3, PLAN VIP6219, SECTION 30, LAKE DISTRICT / LOT 2, PLAN VIP6219, SECTION 30, LAKE DISTRICT / LOT 1, PLAN VIP6219, SECTION 30, LAKE DISTRICT / LOT A, PLAN VIP32721, SECTION 31, LAKE DISTRICT / LOT B, PLAN VIP32721, SECTION 31, LAKE DISTRICT
Cordova Bay is an up-market neighbourhood of Greater Victoria, with some of the city's prime oceanfront real estate.
This warm and vibrant community offers great schools and access to the famed Lochside Trail. It also boasts the 18- hole Cordova Bay Golf Course and the nine-hole pitch and putt Ridge Course. The newly completed Haro includes luxury condos with ground floor commercial space, while the established Mattick's Farm shopping centre is a big draw for locals and visitors.
Cordova Bay is conveniently located just 15 minutes from downtown Victoria and 20 minutes from Victoria International Airport. The sandy and sheltered beaches of Cordova Bay are much coveted by all who visit.
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