The approved development plans contemplate a six-storey, purpose-built rental building comprising 38 units, alongside a five-storey condominium building consisting of 34 units, which may also be converted to market rental. The Property benefits from being under the 2018 BC Building Code.Sooke Road has been identified as a growth area and transit corridor in the Colwood Official Community Plan providing accessibility and visibility and proximity to a wide range of urban amenities. With zoning and Development Permit in place, the Property represents a well-located mid-rise project. All key services, including sewer, water, hydro, and telecommunications, are available on the property line. In addition, Development Cost Charges (DCCs) have been paid by the Vendor, representing a significant value enhancement for the purchaser. The Vendor has the flexibility to separate the two proposed building and sell individually or as a package.