Prime Colwood development opportunity on Sooke Road. This large, level 81’ x 266’ lot offers approximately 21,500+ sq.ft. within the Transit Growth Area of the Colwood OCP. Current R1 zoning, improved with a fully tenanted, detached 5-bedroom house with a 2-bedroom suite on the top level, and large workshop provides holding income during planning. OCP policy supports multi-unit residential and increased density, subject to approvals. A 6-storey residential development has been approved across the street, reinforcing the redevelopment potential of this corridor. Convenient access to transit, Veterans Memorial Parkway, Metchosin Road, Westshore Town Centre, Royal Roads University, and key amenities. This is a compelling acquisition for builders, developers, or long-term land holders looking for a strategic site in one of the West Shore’s key growth areas. Buyer to verify development potential with the City of Colwood.
Data was last updated May 16, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$727,450
Min list price:
$499,000
Max list price:
$1,099,000
Avg days on market:
56
Min days on market:
9
Max days on market:
344
Avg price per sq.ft.:
$466.88
These statistics are generated based on the current listing's property type
and located in
Co Hatley Park. Average values are
derived using median calculations. This data is not produced by
the MLS® system.