Description

$276,000 under BC Assessment assessed value! Prime Investment & Redevelopment Opportunity-Over ½ Acre of usable land in an excellent Saanich neighbourhood or live in this comfortable single family home. Explore the potential of this large 22,230 sqft parcel located in the South Wilkinson Development Area. This gently sloping property offers outstanding potential and represents a strategic opportunity for multi-generational living, investors, builders, or developers looking to capitalize on Victoria’s evolving housing market. The existing 1955 bungalow is perfectly livable and comfortable with plenty of privacy, a large garage/workshop and ample outdoor spaces for play and relaxation. A fantastic move from a condo or townhome! Live in it or rent it out for holding income if your end plan is to design your future project. There is flexibility to explore multiple development configurations suited to current market demand and municipal guidelines. This is one of the largest and best-priced properties available in Greater Victoria, offering strong upside potential in a rapidly growing area. Opportunities of this scale and value are rare, act quickly. Contact your Realtor® today for details on zoning, development possibilities, and investment returns. (id:66360)

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