DEVELOPER ALERT! Nestled in the heart of a highly sought-after area of Oak Bay, this sprawling 11,500 sq/ft. lot offers endless potential for visionary developers and investors alike. Positioned on a quiet, tree-lined street yet just minutes away from the city’s best shopping, dining, and schools, this property is unmatched for its convenience and desirability. The existing structure, though aged, can serve as a holding property with rental income potential, or a clean slate for your dream development. Currently 2 x 2 bed/1 bath units. With generous zoning allowances and ample space for customization, this lot is perfect for creating a bespoke luxury residence or a multi-unit development under the new Bill 44 requirements. Don’t miss the chance to capitalize on a rare opportunity to purchase a full duplex with development opportunities in an area well known for ongoing appreciation. Location, size, and future potential make this a standout property destined for transformation.
Data was last updated January 4, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$2,422,500
Min list price:
$419,000
Max list price:
$6,900,000
Avg days on market:
76
Min days on market:
2
Max days on market:
348
Avg price per sq.ft.:
$835.35
These statistics are generated based on the current listing's property type
and located in
OB South Oak Bay. Average values are
derived using median calculations.