Description

Exceptional Revenue & Development Opportunity in Victoriaa??s vibrant Jubilee neighbourhood, steps to the Oak Bay border! This rare 65a?? x 200a?? (13,000 sq ft per BC Assessment) property offers excellent rental income potential, ideally suited to tenants seeking proximity to the hospital, making it an attractive holding property for investors. The existing legal up/down duplex features a 1,600 sq ft main floor (2a??3 beds), a self contained 2 bedroom suite, and an additional 1 bedroom suite. Generate rental income today while exploring the significant long term redevelopment potential of this substantial urban lot. Centrally located near the hospital, transit, schools & amenities, with downtown Victoria within walking distance, the property offers exciting possibilities for townhouse, or houseplex development, subject to City approvals. A rare opportunity to combine multiple rental income streams with future development upside in a sought after, central location.