1115 Caledonia Avenue is a prime redevelopment opportunity in Victoria, BC, on a 6,440 SF lot at the border of North Park and Fernwood. Zoned R-74, it allows for ground-oriented multi-unit dwellings, with potential for higher density under the Official Community Plan (up to 1.2:1 FSR or more with assembly). The property is listed at $998,000, reflecting its premium zoning and previous fourplex approval. The vibrant Fernwood neighborhood offers strong community assets, diverse demographics, and proximity to urban villages and downtown. Local cafes, restaurants, and services are just steps away, providing a lively and convenient lifestyle. Royal Athletic Park, home to the Victoria HarbourCats baseball team, is also nearby, adding to the area's recreational appeal. This property stands out for its flexible zoning, strong location, and significant potential for residential development. (id:24212)
- Full Address:
- 1115 Caledonia Avenue, Victoria, British Columbia
- Price:
- $ 998,000
- MLS Number:
- 1043202
- List Date:
- July 31st, 2026
- Neighbourhood:
- Central Park
- Lot Size:
- 6440 ac
- Taxes:
- $ 4,635
- Ownership Type:
- Freehold
Property Specifications
Interior Features
- Zoning:
- Multi-Family
- Garage Spaces:
- 4
Building Features
Floors
- Lot Size:
- 6440 ac
- Lot Features:
- Central location, Level lot, Partially cleared, Other, Rectangular
Land
Neighbourhood Features
Ratings
Commercial Info
Location
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Agent: Lisa WilliamsBrokerage: Sotheby's International Realty Canada
Phone: 250-514-1966
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