1905 Lee Ave Victoria, British Columbia V8R 4W9

$1,150,000

Rare zoning! Now under the new and unique TCD-1 zoning, this site offers a rare chance to build 4-6 storeys with residential units above and commercial space on the ground level, making it an outstanding option for developers, long-term holders, or anyone seeking future mixed-use value in a prime S Jubilee location. The existing 2bd character home offers original hardwood floors, bright kitchen and unfinished lower level that provides immediate use as a residence or rental while you plan your next step. This zoning is truly unique for the area, opening the door to density in a walkable, amenity-rich neighbourhood steps to Oak Bay Ave, RJH, transit, groceries, cafés, and schools. Another potential path is subdivision: previous approval is now conditional on rezoning, and remains an option for buyers wishing to pursue. Building plans for a 2000sqft 4bd/4bth home are available. Whether you develop, hold, build, rent, or explore subdivision, this property delivers flexibility rarely seen in the city. (id:46156)

Property Details

MLS® Number	1020605
Property Type	Single Family
Neigbourhood	Jubilee
Features	Level Lot, Corner Site, Rectangular
Parking Space Total	2
Plan	Vip5969

Building

Bathroom Total	1
Bedrooms Total	2
Architectural Style	Character
Constructed Date	1949
Cooling Type	None
Fireplace Present	Yes
Fireplace Total	1
Heating Fuel	Natural Gas, Wood
Heating Type	Forced Air
Size Interior	1,715 Ft2
Total Finished Area	864 Sqft
Type	House

Land

Acreage	No
Size Irregular	5280
Size Total	5280 Sqft
Size Total Text	5280 Sqft
Zoning Description	Tcd-1
Zoning Type	Residential/commercial

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	Unfinished Room			13' x 11'
Lower Level	Unfinished Room			31' x 15'
Main Level	Bedroom			13' x 9'
Main Level	Bathroom			10' x 5'
Main Level	Primary Bedroom			13' x 12'
Main Level	Kitchen			14' x 10'
Main Level	Dining Room			12' x 8'
Main Level	Living Room			15' x 12'
Main Level	Entrance			9' x 3'

https://www.realtor.ca/real-estate/29110771/1905-lee-ave-victoria-jubilee