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Prime Oak Bay frontage offering great redevelopment potential & holding income at a niche location. Corner lot with 70 feet of frontage facing Foul Bay Avenue. 2-storey mixed use building with approximately 3,600 SF per floor. Ground level fully vacant, consisting primarily of a single commercial space plus a ~525 SF 1-bd/1-bath apt at the rear. Commercial space could be restored to original three unit configuration. Angled street parking along Foul Bay Ave. Upstairs has 3 apartments (2 are vacant): two 1-bed/1-bath apartments (one is tenanted), and a spacious 2-bed/2-bath suite, all ready for updating and restoration. Seven parking stalls and two garages off rear laneway. C-2 zoning subject to change as Oak Bay OCP & Zoning updates move forward in Q4 2025, expected to increase allowable density & building heights along the Foul Bay transit corridor. Act now to secure your foothold in one of Oak Bay’s most promising growth areas. Call agent for more info. (id:24212)
Price:
$ 1,715,000
MLS Number:
1011158

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