About This Property
DEVELOPMENT POTENTIAL WITH APPROVAL FROM CITY OF VICTORIA. This is a well-kept 50’s bungalow resting on a 77’ by 192’ lot. Please note that a small portion of the lot is situated in the Municipality of Oak Bay. The house has been lovingly maintained by the long-term owner, but the property is ripe for redevelopment in this quiet and highly sought-after neighbourhood. Lot size taken from B.C. Assessment Authority records. (id:64973)
At $983 per square foot, this 1951 Oak Bay bungalow is priced above the neighborhood's current average of $860 per square foot, indicating potential value given the property's large lot size and development potential. Developers or investors seeking a sizable lot in a sought-after Oak Bay locale may find this an attractive opportunity, though the cost per square foot may deter some prospective buyers.
Property Details
Location
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