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Colwood development site trades for 34 per cent above asking

Seven offers received for 1.48-acre site in Royal Bay community
Dominic Ricciuti, Colliers International, for Western Investor
lot-b-parcel-i-royal-bay
Colwood development site traded Nov. 30, heralding better times for land sales.Colliers International

Property type: Land

Location: Lot B (Parcel I) – Royal Bay, Colwood

Property size: 1.48 acres

Zoning: CD-28

List price: $4.2 million

Sale price: $5.625 million

Date of sale: November 30, 2023

Brokerage: Colliers International, Victoria

Broker: Austin Cope, Michael Miller, Brandon Selina and Dominic Ricciuti, Colliers International