*Foreign Buyer Ban Exempt* A once-in-a-generation offering in one of Canada’s most distinguished coastal enclaves. Encompassing 5.17 acres across two amalgamated bare land oceanfront lots on Oak Bay’s prestigious Beach Drive, this site boasts over 1,000 feet of shoreline, private beach access, unprecedented buildable surface area, and panoramic views of the Haro Strait including Mount Baker to the Olympic Mountains. 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 in a municipality under immense pressure from the provincial government to increase local housing supply. With the land already professionally cleared and surveyed, along with comprehensive geotechnical, environmental, traffic, and servicing reports complete, these parcels are primed for development be it a high-density mixed-use community, a creative new subdivision, or an opulent personal estate. 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 most easily developable piece of oceanfront land, located in one of the country’s most resilient real estate markets. Get in touch with us today to explore the possibilities. (id:60626)
| MLS® Number | 1008863 |
| Property Type | Vacant Land |
| Neigbourhood | South Oak Bay |
| Features | Acreage, Central Location, Curb & Gutter, Park Setting, Private Setting, See Remarks, Partially Cleared, Other, Marine Oriented |
| Parking Space Total | 10 |
| Plan | Vip7263 |
| View Type | Mountain View, Ocean View |
| Water Front Type | Waterfront On Ocean |
| Cooling Type | None |
| Heating Type | Other |
| Acreage | Yes |
| Size Irregular | 5.17 |
| Size Total | 5.17 Ac |
| Size Total Text | 5.17 Ac |
| Zoning Description | R-1 |
| Zoning Type | Residential |
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