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.
Data was last updated March 31, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
71
Avg list price:
$1,399,000
Min list price:
$399,999
Max list price:
$4,588,000
Avg days on market:
38
Min days on market:
4
Max days on market:
747
Avg price per sq.ft.:
$687.32
These statistics are generated based on the current listing's property type
and located in
SE Cordova Bay. Average values are
derived using median calculations.