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*
Windows: Bay Window(s), Storm Window(s), Vinyl Frames
Basement: Finished,Full,Walk-Out Access,With Windows
Number of fireplaces: 1
Fireplace features: Family Room, Wood Burning Stove
Interior area
Total structure area: 3,201
Total interior livable area: 3,201 sqft
Property
Parking
Total spaces: 2
Parking features: Attached, Carport, Driveway
Carport spaces: 1
Has uncovered spaces: Yes
Features
Entry location: Main Level
Patio & porch: Balcony/Deck
Exterior features: Garden, See Remarks
Fencing: Partial
Lot
Size: 0.29 Acres
Dimensions: 65' x 200'
Features: Central Location, Level, Recreation Nearby, Rectangular Lot, Shopping Nearby, See Remarks
Details
Parcel number: 002179521
Zoning description: Residential
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Materials
Stucco
Foundation: Concrete Perimeter
Roof: Asphalt Shingle
Condition
Resale
New construction: No
Year built: 1955
Utilities & green energy
Water: Municipal
Community & HOA
Location
Region: Victoria
Financial & listing details
Price per square foot: C$406/sqft
Tax assessed value: C$1,531,000
Annual tax amount: C$7,965
Date on market: 6/24/2026
Ownership: Freehold
Mike Chubey Personal Real Estate Corporation
Mike Chubey Personal Real Estate Corporation
(250) 388-5882
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