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Langford divesting of $7.9 million land holding at West Shore Parkway and Highway 1

4.6-acres of land at the entranceway to Greater Victoria have been listed for sale by the City of Langford, which is looking to divest of two parcels at the southeast corner of the West Shore Parkway and Trans Canada Highway intersection for $7.9 million.  Google

Langford divesting of $7.9 million land holding at West Shore Parkway and Highway 1
MIKE KOZAKOWSKI, CITIFIED.CA
The City of Langford has listed for sale 4.6-acres of municipal land along West Shore Parkway at the Trans Canada Highway which it hopes will fetch nearly $8 million.
 
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Offered for sale adjacent to a planned hotel and townhome project at the entrance to the Capital Region are two properties, one at 2885 West Shore Parkway and the other at 1365 Goldstream Avenue. The parcels span from the southeast corner of the West Shore Parkway and Highway 1 intersection to the eastern perimeter of Goldstream Meadows Park, and south to Ed Nixon Trail near the terminus of Lake End Road at Goldstream Avenue.
 
A price of $7.9 million is being sought.
 
Offers must be accompanied by a land use proposal and would be subject to rezoning, the City says. The land’s Multiple Listings Service entry also identifies a potential for the City of Langford to register a covenant for a public trail built “to municipal standards on the adjacent [City] lands and other amenity requirements as required by Council,” which the purchaser must agree to accommodate.
 
Currently a single-family-home stands on the property which the municipality will raze prior to the completion of sale.
 
Discussions surrounding the land disposition began last year as part of a review of municipal real-estate assets and opportunities for revenue generation through excess land sales. C
 
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