About This Property
Development Opportunity for BUILDERS & Investors! Proposed Lot A offers approx. 12,694 sqft of prime, flat building site awaiting final subdivision approval for 4 detached strata houses—each thoughtfully designed by Zebra designs at approx. 2,600 sqft, with 3 beds & 3 baths on the main and a 1 bed,1 bath legal suite! Located on a quiet, tree-lined street, this site is steps to the Gorge Waterway—perfect for summer swimming, kayaking & paddleboarding. Enjoy a short stroll to a brand new children’s park, complete with a BMX bike park and basketball court. The Galloping Goose Trail is at your doorstep, offering a 10-minute bike ride to Downtown Victoria, Uptown, or Mayfair Mall. Victoria’s vibrant microbrewery district, Glo Europub & Arbutus Park, a rare off-leash waterfront dog park just down the street. This is an unbeatable lifestyle location and a rare potential development opportunity to manage a small development of homes in one of Victoria’s most connected neighbourhoods. (id:64973)
At $1,125,000 for 12,694 square feet of prime Victoria land, this property offers a compelling value proposition at just $88 per square foot, well below the city's average. The proposed development of four 3-bedroom homes with legal suites makes this an attractive opportunity for builders and investors seeking to capitalize on Victoria's strong housing demand and limited land supply. This property is best suited for builders and developers who can maximize the development potential of the site, given its prime location near the Gorge Waterway and the ability to create four separate living units, which could provide a substantial rental yield for investors.
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