Westshore Development Opportunity
Welcome to 964 Loch Glen Pl, an exciting opportunity for developers, investors, and builders alike.
Boasting an approved application and plans in place for a side-by-side duplex with two in-law suites below, this property presents endless possibilities for development and investment as well as a very profitable rental property in a highly sought-after location.
Situated just steps away from Belmont Market, Westshore Town Centre, and an abundance of amenities, this property offers convenience and accessibility.
Whether you're looking to attract prospective tenants or create new residences, the proximity to key shopping centers and amenities is sure to make this property highly attractive to potential occupants.
With its R2 zoning, this property is ideal for developers and builders looking to maximize its potential.
The approved application for a side-by-side duplex provides fantastic head start, saving valuable time and effort in the permitting process.
Utilize the existing plans or modify them to suit your specific vision, and take advantage of the ever-growing demand for multi-unit housing options in the area.
Could be a great opportunity to live in one of the four options and have the remainder not only cover your mortgage but pay you to live.
Also a great opportunity for investors seeking a fixer-upper or holding property.
With some renovations and updates, you can transform this property into a desirable rental asset or holding property as is, benefiting from both short-term rental income and long-term appreciation.
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The Neal Estate Group is your #1 source for all of your Victoria BC real estate needs. Get in touch with us online or by phone at (250) 386-8181 to speak with a Victoria real estate buying or selling expert today. With decades of experience as a top selling Victoria REALTOR® and ranked in top 1% globally with over 5,000 transactions and $1 Billion SOLD, Ron Neal & The Neal Estate Group have the industry experience and market knowledge to help you make smart and informed buying or selling decisions.