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. Don’t miss the chance to capitalize on a rare opportunity to purchase a full duplex with updated development opportunities in an area well known for ongoing appreciation. Location, size, and future potential make this a standout property destined for transformation!
| Address |
977/989 Foul Bay Rd |
| List Price |
$1,900,000 |
| Property Type |
Residential |
| Type of Dwelling |
Full Duplex |
| Area |
Oak Bay |
| Sub-Area |
OB South Oak Bay |
| Bedrooms |
4 |
| Bathrooms |
2 |
| Floor Area |
3,637 Sq. Ft. |
| Lot Size |
11491 Sq. Ft. |
| Lot Size Acres |
0.26 Ac. |
| Year Built |
1954 |
| MLS® Number |
976959 |
| Listing Brokerage |
eXp Realty
|
| Basement Area |
Unfinished |
| Postal Code |
V8S 4H9 |
| Tax Amount |
$7,189 |
| Tax Year |
2024 |
| Features |
Hardwood, Heat Pump, Natural Gas, Tile |
| Amenities |
Corner Lot, Near Golf Course, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure |
