9191 Rideau Ave, North Saanich, BC
Rare opportunity to obtain a high profile, level site in North Saanich zoned Single Family Residential with an existing 2 story home with suite. The site is designated 'Multi-Family Affordable Residential' in the OCP, defined as 15 t/h per acre; 30/condo units per acre to 3 storeys or SF lots from 4000sqft t0 6000sqft. This unique zoning offers potential to rezone to condos or townhomes in an area demanding higher residential density. The location is within a 5 minute drive to downtown Sidney, beaches, and the Victoria International Airport; 10 minute drive to the Swartz Bay Ferry to the lower mainland and 20 minute drive to downtown Victoria. One block from the site is a brand new small lot single family subdivision with homes ranging in price from $850,000 to over a $1mm. Buyers must do their own due diligence with the local municipality regarding development.