Attention Builders/Developers: Missing Middle Market development opportunity. This property recently was granted conditional rezoning/subdivision approval for small lot development. Centrally located and only steps away from a major transit route, this corner property features a 2-story character home with an adjacent 2530 s.f. lot and plans for a 2000 s.f., 4 bedroom, 4 bath home. Steps from the Jubilee Hospital, Save-on Foods, Oak Bay Rec, and Oak Bay Village, this property is ideal for a builder/developer looking for a solid investment in a prime location with an excellent school catchment. Live in the existing home while you build next door, or rezone the parcels for higher density (5-6 units). The charming 2-bedroom home features a sun-drenched living room, wood flooring, a formal dining room, a bright & spacious kitchen, and one full bath. The lower level is unfinished & provides ample space for storage or further development. Don’t miss out on this must-see property!
| Address |
1905 Lee Ave |
| List Price |
$1,399,000 |
| Property Type |
Residential |
| Type of Dwelling |
Single Family Residence |
| Style of Home |
Character |
| Area |
Victoria |
| Sub-Area |
Vi Jubilee |
| Bedrooms |
2 |
| Bathrooms |
1 |
| Floor Area |
864 Sq. Ft. |
| Lot Size |
5280 Sq. Ft. |
| Lot Size Acres |
0.12 Ac. |
| Year Built |
1949 |
| MLS® Number |
968022 |
| Listing Brokerage |
RE/MAX Generation
|
| Basement Area |
Partially Finished, Walk-Out Access, With Windows |
| Postal Code |
V8R 4W9 |
| Tax Amount |
$4,839 |
| Tax Year |
2024 |
| Features |
Dining Room, Dishwasher, F/S/W/D, Forced Air, Linoleum, Natural Gas, Tile, Wood |
| Amenities |
Balcony/Patio, Corner Lot, Fencing: Full, Level, Primary Bedroom on Main, Rectangular Lot |
