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. Don’t miss the chance to capitalize on a rare opportunity to purchase a full duplex with updated development opportunities in an area well known for ongoing appreciation. Location, size, and future potential make this a standout property destined for transformation! Open House - Nov 3 1-3pm
Address
977/989 Foul Bay Rd
List Price
$1,900,000
Property Type
Residential
Type of Dwelling
Full Duplex
Area
Oak Bay
Sub-Area
OB South Oak Bay
Bedrooms
4
Bathrooms
2
Floor Area
3,637 Sq. Ft.
Lot Size
11491 Sq. Ft.
Lot Size (Acres)
0.26 Ac.
Year Built
1954
MLS® Number
976959
Listing Brokerage
eXp Realty
Basement Area
Unfinished
Postal Code
V8S 4H9
Tax Amount
$7,189.00
Tax Year
2024
Features
Hardwood, Heat Pump, Natural Gas, Tile
Amenities
Corner Lot, Near Golf Course, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure
