7221 Peden Lane

Rare Ocean view Lot in Brentwood Bay. This mixed-use Development Opportunity in popular Brentwood Bay is located across from three marinas, the Seahorse Cafe, Brentwood Bay Resort and the Brentwood/Mill Bay ferry. The site is 7400 sq ft, fully serviced, flat, west facing, clean phase 1. Zoned C-3 which allows for a .6 FAR potential for 4400 sqft of buildable with commercial down and residential up. Ideal for an owner occupier to build an office or store front with apartments up. Great location for a boutique market / coffee shop/ office/ restaurant or boat care services. Current design conforms to zoning and the OCP, calls for a 650 sqft CRU down with two 1,200 sqft condos up both with bay views. 9 parking spots and has planning support, no variances, only requires a DP with council approval. Alternatively, see the 6 plex designs for a possible rezone to residential given the new infill housing changes. Buyer to verify.