589 Ledsham Rd is a 3 bed, 1 bath Single Family Residence listed at $1,450,000 in Hatley Park, Colwood. Built in 1955. 1,212 sqft of living space. 11 days on market. Listed by Pemberton Holmes Ltd.. MLS® 1050634.
$1,450,000 · Single Family Residence · 3 bed · 1 bath · 1,212 sqft · MLS® 1050634
589 Ledsham Road offers builders, investors and commercial owner-users an opportunity to acquire a level development site in Colwood's growing West Shore market. The 16,553 sq. ft. property provides approximately 72.5 ft. of frontage and is located just off the Sooke Road commercial corridor. Community Commercial (C2) zoning permits a broad range of uses, including retail, restaurants, offices, personal services, daycare and fitness facilities. Current zoning allows a maximum 1.0 FAR, representing approximately 16,553 sq. ft. of buildable floor area, with up to 50% lot coverage and a maximum height of three storeys. The property is improved with an approximately 2000 sq. ft. single-family home generating holding income on a month on a month-to-month tenancy, while providing ample storage and parking for commercial activities. A 2021 Phase I ESA did not recommend further Phase II investigation. Development potential is subject to municipal approval and purchaser due diligence.
Colwood real estate & homes for sale Located on the West Shore of Greater Victoria, Colwood offers scenic ocean views and family-friendly neighbourhoods. Colwood real estate includes a mix of new developments and established homes near schools...