Land located in Saanich East - SE Cordova Bay, V8Y 2J8
2330 sqft, 4 Beds, 2 Baths
- Built in: 1964
- Type: Residential
- Exterior Features: Balcony/Patio, Fenced,
- Cooling: None,
- Heating: Electric, Hot Water, Wood,
- Fireplaces: 2
- Flooring: Array
- Appliances: Dryer, Oven/Range Electric, Refrigerator, Washer,
- Basement: Partially Finished, With Windows,
- Foundation Details: Concrete Perimeter,
- Lot Size: 0.6 acres
- Total Parking: 4
- Parking Features: Attached, Driveway, Garage,
- Features: Private,
Description
ATTENTION BUILDERS / DEVELOPERS! An exceptional opportunity awaits in the highly sought-after Cordova Bay neighbourhood! This expansive 26,000+ SF double lot offers incredible subdivision potential and is the perfect canvas for your next project. Currently, a solid 1960s-era home sits on the property, however with recent changes to zoning and density regulations, this property presents a variety of exciting possibilities. You can choose to renovate the existing home, enjoying the spacious private lot, or take advantage of the subdivision potential to create multiple lots for development. The current single lot was created from two smaller lots back in the 1960s, so there is ample opportunity to explore higher-density options. Live in the existing home, rent it out, or subdivide the land for a more substantial project, like multifamily units or single-family homes. This is a lucrative chance to capitalize on the growing demand for density in one of Victoria's most desirable areas.