C$1,299,000

Exceptional Urban Development Opportunity in Victoria’s vibrant Jubilee neighbourhood, just steps to the Oak Bay border. This rare 65’ x 200’ (13,000 sq ft - taken from BCA) lot offers outstanding potential for multi-family, townhouse, or houseplex development in a prime, centrally located community. Close to the hospital and walkable to Victoria's downtown core, the site is also near transit, schools, and local amenities, supporting increased density in line with City of Victoria planning policies. The existing legal up/down duplex (previously a triplex) provides a flexible holding property with 1,600sq ft on the main floor (2-3 Beds) and a self-contained lower level with multi-suite potential. While updates are required, the true value lies in the land and its significant redevelopment possibilities. Large urban parcels of this size and location are increasingly rare. *Priced $230,000 below Assessed Value* (id:41202)