ATTENTION BUILDERS / DEVELOPERS! This is a rare opportunity in the highly desirable Cordova Bay neighborhood! The property features a large 26,000+ SF double lot with exceptional subdivision potential. A well-maintained 1960s home currently sits on the lot, but with recent changes to zoning and density regulations, this land offers a wealth of exciting possibilities. You can choose to update the existing home and enjoy the expansive, private lot or capitalize on the subdivision potential, creating multiple lots for development. The lot was originally two separate parcels combined in the 1960s, so there's ample opportunity to explore higher-density options for multifamily units or several single-family homes. Whether you choose to live in, rent, or subdivide the property, this is a prime opportunity to take advantage of the growing demand for density in one of Victoria’s most sought-after areas. This is a lucrative investment opportunity that shouldn’t be missed!
Address
4799 Cordova Bay Rd
List Price
$1,599,000
Property Type
Residential
Type of Dwelling
Land
Area
Saanich East
Sub-Area
SE Cordova Bay
Bedrooms
4
Bathrooms
2
Floor Area
2,330 Sq. Ft.
Lot Size
26047 Sq. Ft.
Lot Size (Acres)
0.6 Ac.
Year Built
1964
MLS® Number
993216
Listing Brokerage
Newport Realty Ltd.
Basement Area
Partially Finished, With Windows
Postal Code
V8Y 2J8
Tax Amount
$5,072.16
Tax Year
2024
Features
Carpet, Dryer, Electric, Hardwood, Hot Water, Oven/Range Electric, Refrigerator, Screens, Washer, Wood
Amenities
Balcony/Patio, Fenced, Private
