Details

Quick Facts:

Address: 3430 Karger Terrace Type: Residential Acreage Style: Land ‘Value in land’/Single family dwelling Lot Type: Asymmetrical Lot Size: ± 3.6 acres Zoning: R-1 Subdividable: Yes

Legal Descriptions:

Approximately 2 acres with the residence on Karger Terrace: Lot A, Plan 37383, Sections 63 & 64, Esquimalt District Approximately 1.6 acres of forest: Lot A, Plan 38960, Sect. 73, Metchosin District Fully Subdividable; Currently Zoned R-1 (Single Family Residences and Duplexes)

Maps: Lot/Subdivision Click for Full-Size

This property is a paradise! It is a park-like island of tranquility in the midst of a suburban setting. It is located on the southeast summit of Triangle Mountain in the West Shore district of Victoria, BC at an elevation of approx. 600ft ASL. A wide-open southeast aspect provides vastly stunning views and yet this site remains sheltered from the predominantly westerly winds. From the sunrise over the Olympic Mountains to the rise of the full moon over the sparkling city lights this property has the finest views in Victoria. The residence parcel is landscaped with dozens of mature 15 ft high Rhododendrons, Azaleas, Lilacs, Dogwood, Magnolias, Arbutus and many other flowering trees and shrubs. The property is only a 5 minute drive from several large shopping centres and several world-class golf courses are within a ten minute drive. Also in the immediate vicinity is a large public library, public swimming pool, ice skating rink, seniors' center and full sports arena. Within half an hour drive there is more world class golfing, fishing, hunting, full ocean boat launch and marina services or swimming in one of the nearby crystal clear lakes.

The property is zoned R-1, for single family residences and duplexes and could be subdivided into approx. 18 lots. See above map. Twelve of the lots would have exceptional 'million-dollar' views. Similar sized lots with comparable views have recently sold at the nearby Bear Mountain development for over $750,000 CAD each. While the other six lots would be worth approx. $300,000 CAD each at current Victoria market values. All the infrastructure is already in place for a subdivision. The property is circumscribed by paved roads and there is one main paved drive into the heart of the property. Power, water, and sewer are also all immediately available on site. At current Victoria market values a subdivision of this property would be worth over $10,000,000 CAD. However the uniqueness and singularity of the property where many species of birds, deer, butterflies and colourful Northern Alligator lizards make this land their home lends itself to being preserved as a single estate. The current owners have enjoyed the beauty of this land for over forty years and are ready to move on but would, nonetheless, like to see it preserved in its pristine natural beauty by someone who would want to build their dream villa on the land.