Bought with Rob Hosie Newport Realty Ltd.
$1,650,000
$1,900,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
3,637 SqFt
SOLD DATE : 01/21/2025
Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,637 sqft
Price per Sqft $453
MLS Listing ID 976959
Sold Date 01/21/25
Style Duplex Side/Side
Bedrooms 4
HOA Y/N No
Year Built 1954
Annual Tax Amount $7,189
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Full Duplex
Property 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.
Location
Province BC
County Capital Regional District
Community Ob South Oak Bay
Area Oak Bay
Rooms
Kitchen 2
Interior
Heating Heat Pump, Natural Gas
Cooling Air Conditioning
Flooring Hardwood, Tile
Fireplaces Number 3
Fireplaces Type Other
Fireplace Yes
Laundry In Unit
Exterior
Parking Features Driveway, Garage
Garage Spaces 4.0
Garage Description 1
View Y/N false
Roof Type Asphalt Shingle
Total Parking Spaces 4
Garage Yes
Building
Lot Description Corner Lot, Near Golf Course, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Restrictions ALR: No
Ownership Freehold
Special Listing Condition Contact List Licensee
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