485 Head St, Esquimalt, BC, V9A 5S1

485 Head St

– $2,839,000

This is the only location in Esquimalt w/this zoning remaining.Site coverage limited to 40% but can build up to 11.7 meters (38.4 ft).Given the province's new housing agenda & the age of the current dwelling, this could be a nice waterside townhouse site with a rezoning. Current C-7A Zoning: Allows a mix of commercial & residential uses compatible with the West Bay including Tourist Accommodation.With new provincial regulation eliminating most short term rental accommodations, this zoning allows the owner to capitalize on less competition & the projected increase in overnight rates after the ban comes into place in May 2024 Properties at 474 Head st have been rezoned into a ComprehensiveDevelopmentZone(CD-98) w/allowable FSR of 1.3 & no site coverage restrictions aside from required setbacks Properties at 464&460 Head St have been rezoned to ComprehensiveDevelopmentZone(CD 103) w/allowable FSR of 1.32 & no site coverage restrictions aside from required setbacks Lot Size: 6471 SF