Seize this rare, turnkey development opportunity with a fully approved Development Permit for a 6-plex in one of Victoria’s most desirable neighborhoods. This 60x135’ lot comes with meticulously designed plans, featuring a mix of one 1-beds, three 2-beds, and two 3-bed suites, offering a total of 6,100 sq ft of modern living space. Each unit is thoughtfully designed with generous outdoor amenities to enhance livability. Positioned on a quiet, upscale street across from Sundance-Bank Elementary, this property is perfectly located near Oak Bay Ave, Royal Jubilee Hospital, & an array of local shops and services. The project is set to be stratified under Victoria’s Missing Middle program, presenting a streamlined path to market with significant profit potential. Whether you are an experienced developer or looking to enter the market, this property offers a unique chance to move quickly with a shovel-ready project. Land only—construction not included. Don’t let this opportunity pass you by!
Address
1606 Bank St
List Price
$1,450,000
Property Type
Residential
Type of Dwelling
Land
Area
Victoria
Sub-Area
Vi Jubilee
Bedrooms
3
Bathrooms
2
Floor Area
2,239 Sq. Ft.
Lot Size
8100 Sq. Ft.
Lot Size (Acres)
0.19 Ac.
Year Built
1908
MLS® Number
989530
Listing Brokerage
RE/MAX Generation
Basement Area
Not Full Height, Unfinished, Walk-Out Access, With Windows
Postal Code
V8R 4V4
Tax Amount
$6,127.20
Tax Year
2024
Features
Carpet, Dining Room, Laminate, Linoleum, Oil, Wood
Amenities
Fenced, Level, Low Maintenance Yard, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk
Schools
6 public & 6 Catholic schools serve this home. Of these, 4 have catchments. There are 2 private schools nearby.
Parks & Rec
9 tennis courts, 3 playgrounds and 10 other facilities are within a 20 min walk of this home.
Transit
Street transit stop less than a 2 min walk away. Rail transit stop less than 3 km away.
