Pendray House | 3221 Heatherbell Rd
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Pendray House 3221 Heatherbell Rd
33 Unit Apartment Building $5,523,433 USD ($167,377 USD/Unit) Colwood, BC V9C 1Y8
Investment Highlights
- +/- 3.90-acre development site in the City of Colwood, offering a rare oceanfront location providing luxurious waterfront community living.
- Nearby amenities are abundant within a short driving distance, including Royal Roads University, Royal Bay, and the Beachlands.
- Flexible zoning for residential, hotel, retail, office, restaurant, and/or a senior care facility.
- Area 4 previously had a development permit for two six-storey residential buildings consisting of 62 units.
- Delivered with zoning in place, thereby limiting entitlement risk.
Executive Summary
The Property is an exceptionally well-located 3.90-acre waterfront development site, with an existing two-storey commercial heritage building also included in the offering. The heritage building, known as the Pendray House, is presently vacant.
The Property features spectacular views over Esquimalt Lagoon, the Strait of Juan de Fuca and beyond to the Olympic Mountain Range.
The Property features spectacular views over Esquimalt Lagoon, the Strait of Juan de Fuca and beyond to the Olympic Mountain Range.
Property Facts
| Price | $5,523,433 USD | Building Class | B |
| Price Per Unit | $167,377 USD | Lot Size | 3.90 AC |
| Sale Type | Investment | Building Size | 8,400 SF |
| No. Units | 33 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 3.57/1,000 SF |
| Apartment Style | Mid Rise |
| Price | $5,523,433 USD |
| Price Per Unit | $167,377 USD |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 3.90 AC |
| Building Size | 8,400 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Parking Ratio | 3.57/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 33 | - | 1,042 - 4,064 |
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zoning
| Zoning Code | CD15 (Comprehensive Development 15) |
| CD15 (Comprehensive Development 15) |
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Pendray House | 3221 Heatherbell Rd
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