Full Duplex located in Oak Bay - OB South Oak Bay, V8S 4H9
3637 sqft, 4 Beds, 2 Baths
Listed by Holly CourtrighteXp Realty - Listed On: September 24, 2024
- Built in: 1954
- Type: Residential
- Cooling: Air Conditioning,
- Heating: Heat Pump, Natural Gas,
- Fireplaces: 3
- Flooring: Array
- Basement: Unfinished,
- Foundation Details: Concrete Perimeter,
- Lot Size: 0.26 acres
- Total Parking: 4
- Parking Features: Driveway, Garage,
- Features: Corner Lot, Near Golf Course, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure,
Description
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.