1606 Bank St, Victoria | $1,450,000

Seize this rare, turnkey development opportunity with a fully approved Development Permit for a 6-plex in one of Victoria???s most desirable neighborhoods. This 60x135??? lot comes with meticulously designed plans, featuring a mix of one 1-beds, three 2-beds, and two 3-bed suites, offering a total of 6,100 sq ft of modern living space. Each unit is thoughtfully designed with generous outdoor amenities to enhance livability. Positioned on a quiet, upscale street across from Sundance-Bank Elementary, this property is perfectly located near Oak Bay Ave, Royal Jubilee Hospital, & an array of local shops and services. The project is set to be stratified under Victoria???s Missing Middle program, presenting a streamlined path to market with significant profit potential. Whether you are an experienced developer or looking to enter the market, this property offers a unique chance to move quickly with a shovel-ready project. Land only???construction not included. Don???t let this opportunity pass you by!

Description

Seize this rare, turnkey development opportunity with a fully approved Development Permit for a 6-plex in one of Victoria???s most desirable neighborhoods. This 60x135??? lot comes with meticulously designed plans, featuring a mix of one 1-beds, three 2-beds, and two 3-bed suites, offering a total of 6,100 sq ft of modern living space. Each unit is thoughtfully designed with generous outdoor amenities to enhance livability. Positioned on a quiet, upscale street across from Sundance-Bank Elementary, this property is perfectly located near Oak Bay Ave, Royal Jubilee Hospital, & an array of local shops and services. The project is set to be stratified under Victoria???s Missing Middle program, presenting a streamlined path to market with significant profit potential. Whether you are an experienced developer or looking to enter the market, this property offers a unique chance to move quickly with a shovel-ready project. Land only???construction not included. Don???t let this opportunity pass you by!

General Info


MLS Listing ID: 989530 Bedrooms: 3 Bathrooms: 2 Year Built: 1908
Parking: N/A Heating: N/A Lotsize: 8100 sqft Air Conditioning : None

Amenities/Features


  • Level lot
  • Other
  • Rectangular

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .