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Listing by Austin Cope Colliers
$ 3,900,000
Est. payment /mo
Active
131-139 Menzies St Victoria, BC V8V 2G4
0.31 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1036055
HOA Y/N No
Annual Tax Amount $12,874
Tax Year 2025
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Unimproved Land
Property Description
131, 135 & 139 Menzies Street offers the opportunity to acquire a fully entitled multifamily development site in Victoria's James Bay neighbourhood. The ±13,389 SF consolidated site is rezoned and development permit approved for a 4-storey, 43-unit rental apartment building with one ground-floor commercial unit, totaling approximately 29,531 SF of gross building area.
The project is BP ready and remains under the previous building code, providing potential construction cost savings and allowing for near-term development. The approved unit mix includes studios, one-bedroom, two-bedroom, and three-bedroom units designed to support Victoria's growing rental housing demand.
Located within walking distance of Downtown Victoria, the Inner Harbour, Dallas Road waterfront, grocery stores, restaurants, and transit, the property is well positioned in one of Victoria's most established and walkable neighbourhoods
The project is BP ready and remains under the previous building code, providing potential construction cost savings and allowing for near-term development. The approved unit mix includes studios, one-bedroom, two-bedroom, and three-bedroom units designed to support Victoria's growing rental housing demand.
Located within walking distance of Downtown Victoria, the Inner Harbour, Dallas Road waterfront, grocery stores, restaurants, and transit, the property is well positioned in one of Victoria's most established and walkable neighbourhoods
Location
Province BC
County Capital Regional District
Community Vi James Bay
Area Victoria
Zoning CVD-1 Community Village D
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Street Surface Paved
Garage No
Others
Ownership Freehold
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