$5,500,000

House For Sale In Cordova Bay, Saanich, British Columbia

$5,500,000

Property Information:

A rare oceanfront development opportunity is offered at 5109 and 5105 Cordova Bay Rd, front and centre on one of Victoria’s most desirable beaches. Formerly known as The Beach House Restaurant, this landmark & pinnacle of the community is now available for redevelopment or continued existing use. This much coveted restaurant/special event venue, includes 2 side-by-side properties, one residential and one commercial, with uninterrupted marine vistas across the shallow waters of Cordova Bay towards the San Juan Islands. The substantial structure was fully updated in 2012 and has been well maintained. The commanding views from this location could not be recreated and a buyer could benefit from maximum usage under the new Official Community Plan. Located beside McMorran Park near to Mattick’s Farm and the shops and condos at The Haro plus a short drive to Broadmead Shopping Centre. The discerning buyer is offered an incredible opportunity with intrinsic value.

Property Features:

  • Annual Tax Amount: $112,396
  • Building Features: Elevator: Freight, High Traffic Area, Kitchen/Staff Room, Parking, Security System, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
  • Cooling: Air Conditioning
  • Exterior Features: Balcony, Balcony/Patio
  • Floor Space (approx): 10993 Square Feet
  • Flooring: Carpet, Laminate, Wood
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air, Heat Recovery, Natural Gas
  • Lot Features: Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Near Golf Course, Park Setting, Recreation Nearby, Shopping Nearby, Sidewalk, Walk on Waterfront
  • Lot Frontage: 16732 Square Feet
  • Lot Size: 16732.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Mixed Use
  • View: Mountain(s)
  • Water Source: Municipal
  • Waterfront Features: Ocean Front
  • Zoning: See supplements
  • Sewer:
  • No. of Parking Spaces: 10

Courtesy of: Sotheby's International Realty Canada

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.