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Fred Hiigli Presents 1217 1221 Carlisle Ave$4,400,000

1217 1221 Carlisle Ave

$4,400,000

Esquimalt

$4,400,000

Beds:

Baths:

Finished Size: sqft

Lot Size: 19500 sqft, 0.448 acres

Finished: ft
2

Lot: 19500 ft

2, 0.448 acr

MLS®: 412317


Features

Building Information

Year Built:

Other Information

Lot Shape: Irregular

Taxes: $10,012


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NEW PRICE: This incredibly rare redevelopment opportunity is a three parcel Land Assembly in the revitalized heart of Esquimalt's Saxe Point neighborhood. Current OCP Designation permits medium multi family with a density of 2.0 and up to 6 storys, finished livable of 40,000 square feet. The floor area ratio could go even higher with approved amenity bonusing. For the past two years, similar built out condo developments have been selling at an average price of $600/square foot, with recent sales going for as high as $750+/square foot. The potential positive impact on the township and returns on a redevelopment are outstanding. This Assembly is located across the street from the highly anticipated Esquimalt Town Square, two minutes to the Esquimalt Rec Centre, Plaza, and minutes walk to Saxe Point Park. Once redeveloped many south facing units would enjoy views of the Ocean and the Olympic Mountains. This is by far the most exciting Assembly offering in ages!

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