589 Ledsham Rd, Colwood589 Ledsham Rd, Colwood — photo 2589 Ledsham Rd, Colwood — photo 3589 Ledsham Rd, Colwood — photo 4589 Ledsham Rd, Colwood — photo 5589 Ledsham Rd, Colwood — photo 6589 Ledsham Rd, Colwood — photo 7589 Ledsham Rd, Colwood — photo 8589 Ledsham Rd, Colwood — photo 9589 Ledsham Rd, Colwood — photo 10
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For Sale · Specialty

589 Ledsham Rd, Colwood

589 Ledsham Rd, Colwood, BC V9C1J9

$1.4M total

1,972 SF

Asset Class

Specialty

Size

1,972 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$735

Occupancy

84%

Lot Size

0.38000459136822773 ac

About this property

589 Ledsham Road offers builders, investors and commercial owner-users an opportunity to acquire a level development site in Colwood's growing West Shore market. The 16,553 sq. ft. property provides approximately 72.5 ft. of frontage and is located just off the Sooke Road commercial corridor. Community Commercial (C2) zoning permits a broad range of uses, including retail, restaurants, offices, personal services, daycare and fitness facilities. Current zoning allows a maximum 1.0 FAR, representing approximately 16,553 sq. ft. of buildable floor area, with up to 50% lot coverage and a maximum height of three storeys. The property is improved with an approximately 2000 sq. ft. single-family home generating holding income on a month on a month-to-month tenancy, while providing ample storage and parking for commercial activities. A 2021 Phase I ESA did not recommend further Phase II investigation. Development potential is subject to municipal approval and purchaser due diligence. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.45M
Down payment30% · $435K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-5K

Cash-on-cash

-1.25%

DSCR

0.93

Going-in cap

5.17%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Summit Trades Supply501 SF2029-05
Summit Trades Supply400 SF2028-05
Summit Trades Supply400 SF2029-06
Summit Trades Supply556 SF2029-06

Area demographics

Trade area within 3 miles of the property.

Population

54,610

Households

19,837

Median income

$111,500

Median age

31.2

Daytime population

88,903

5-yr growth

5.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 589 Ledsham Rd, Colwood.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.