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.
General Info:
Property Type:
Residential
Type:
Full Duplex
Year built:
1954
(Age: 71)
Living Area:
3,637 sq. ft. 338 m2
Listing General Location:
OB South Oak Bay, Oak Bay
Bedrooms:
4
Bathrooms:
2.0
(Full:-/Half:-)
Lot Size:
11,491 sq. ft. 1,068 m2
Kitchens:
2
Taxes:
$7,189 /
2024
Additional Info:
Construction:
Frame Wood, Insulation: Ceiling, Insulation: Partial, Stucco & Siding
Basement:
Unfinished
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Floor finish:
Hardwood, Tile
Total Building Area:
5,097 sq. ft. 474 m2
Total Unfinished Area:
1,460 sq. ft. 136 m2
# Bedrooms or Dens Total:
4
# Main Level Bedrooms:
4
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
1,200 sq. ft. 111 m2
Living Area Main Floor:
2,177 sq. ft. 202 m2
Living Area Other Floor:
260 sq. ft. 24.2 m2
Living Area 2nd Floor:
0 sq. ft. 0 m2
Living Area 3rd Floor:
0 sq. ft. 0 m2
Fireplaces:
3
Fireplace Details:
Other
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning
Heating:
Heat Pump, Natural Gas
Fireplace:
Yes
Warranty:
No
More Info Available:
Pending Date:
Jan 08, 2025
Date Sold:
Jan 21, 2025
Entry Location:
Main Level
Rent Allowed:
Unrestricted
Room Information:
Floor
Type
Size
Other
Main Floor
Living Room
17'5" 5.31 m × 13'11" 4.24 m
Main Floor
Kitchen
18'3" 5.56 m × 8'5" 2.57 m
Main Floor
Entrance
11'11" 3.63 m × 4'4" 1.32 m
Main Floor
Eating Area
8'6" 2.59 m × 6'11" 2.11 m
Main Floor
Bedroom - Primary
15'5" 4.70 m × 11'5" 3.48 m
Main Floor
Bedroom
12'6" 3.81 m × 9'8" 2.95 m
Main Floor
Living Room
19'6" 5.94 m × 12'10" 3.91 m
Main Floor
Kitchen
12'2" 3.71 m × 8'5" 2.57 m
Main Floor
Dining Room
8'10" 2.69 m × 7'5" 2.26 m
Main Floor
Bedroom - Primary
17'3" 5.26 m × 15'5" 4.70 m
Main Floor
Bedroom
12'6" 3.81 m × 11'2" 3.40 m
Main Floor
Entrance
9'8" 2.95 m × 4'4" 1.32 m
Lower Level
Storage
29'5" 8.97 m × 9'8" 2.95 m
Lower Level
Storage
11'5" 3.48 m × 6'4" 1.93 m
Lower Level
Garage
21' 6.40 m × 12'11" 3.94 m
Lower Level
Workshop
27'9" 8.46 m × 14'2" 4.32 m
Lower Level
Storage
18'5" 5.61 m × 9'8" 2.95 m
Lower Level
Garage
33'3" 10.10 m × 13'5" 4.09 m
Bathrooms:
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4-Piece
Main Floor
No
4
4-Piece
Financial Info:
Assessed:
1548000.0
Assessment year:
2024
Legal Info:
Jurisdiction name:
District of Oak Bay
Legal Description:
PARCEL A (DD 54613I) OF LOT 7, SECTION 23, VICTORIA DISTRICT, PLAN 372, EXCEPT THE EASTERLY 95 FEET AND THE WESTERLY 10 FEET THEREOF
Other Details:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
2
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Partially Occupied
Property Condition:
Contact List Licensee
Land Info:
Exposure / Faces:
South
Layout:
Duplex Side/Side
Lot Site Features:
Corner Lot, Near Golf Course, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
1
Garage:
Yes
Parking Features:
Driveway, Garage
Total Parking Spaces:
4
Residential Revenue Info:
Total Units:
2
Listing Info:
Date Listed:
Sep 24, 2024