Property Description
*Foreign Buyer Ban Exempt* Once-in-a-generation offering in one of Canada’s most distinguished coastal enclaves. Situated on Oak Bay’s prestigious Beach Drive, this site boasts over 1,000 ft of shoreline, private beach access, unprecedented buildable surface area, and panoramic views of the Haro Strait. Surrounded by pre-existing multi-family buildings and the neighbourhood’s most iconic amenities; Victoria Golf Club, Oak Bay Beach Hotel, and the Oak Bay Marina, this property offers unmatched potential for a legacy project. Already professionally cleared and surveyed, along with comprehensive geotechnical, environmental, traffic, and servicing reports complete, these parcels are primed for development. Or, buy and hold as the value of the largest and most desirable parcel of oceanfront land in Oak Bay continues to grow. This is Vancouver Island’s largest, most central, and easily developable piece of oceanfront land, located in one of the country’s most resilient real estate markets.
Property Details
MLS #:
1008863
ID #:
29599993
Type:
Residential
Sub-Type:
Land
Area:
Oak Bay
Sub-Area:
OB South Oak Bay
Status:
Active
Lot Size:
5.13 acres
Property Tax:
$134,422 (2024)
Days on Market:
113 days
Listing provided by Sotheby's International Realty Canada
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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