Colwood’s historic Pendray House, three neighbouring vacant properties and four strata retail properties are being marketed as a package for $8 million under a court-ordered sale.
In October, the Supreme Court of B.C. granted Royal Bay Financial the right to sell the property. The company said in a court document it was owed $8.3 million in mortgages. The registered owner is Heather Bell Lands Corp. A total of 3.9 acres is now being offered for development at 3221 Heatherbell Rd. The rest of the package includes the house on 0.47 acres with about 30 parking spots, as well as four completed strata retail lots totalling 3,465 square feet. A protected bird sanctuary runs through the site.
The house could be used for arts and cultural facilities, a brew-house, gift shops, restaurant, and accessory buildings. The maximum height is six storeys, likely for future condominiums, for the third vacant lot, on the southeast side of the site.