Exceptional development opportunity in the heart of Victoria’s coveted Beacon Hill neighbourhood. 980 Heywood Avenue offers a rare chance to acquire a prime residential development site just moments from Beacon Hill Park, Dallas Road, Cook Street Village and the Inner Harbour. Zoned GRD-1 (PGA), the property permits multi-family redevelopment, allowing for significant future density increases in one of Victoria’s most prestigious and supply-constrained locations. The zoning is designated as a Primary Growth Area and provides outstanding potential for developers, investors and long-term land holders seeking a landmark project in a highly desirable Fairfield/Beacon Hill setting. Development sites in this location are exceptionally rare, particularly with proximity to parks, beaches, downtown and amenities. Existing on-site structures include a tenanted triplex providing interim holding income and a storage barn. Buyers to verify all redevelopment potential with the City of Victoria. (id:24212)
- Full Address:
- 980 Heywood Avenue, Victoria, British Columbia
- Price:
- $ 1,890,000
- MLS Number:
- 1037245
- List Date:
- May 20th, 2026
- Neighbourhood:
- Fairfield West
- Lot Size:
- 7800 ac
- Taxes:
- $ 8,945
- Ownership Type:
- Freehold
Property Specifications
Interior Features
- Zoning:
- Residential
Building Features
Floors
- Lot Size:
- 7800 ac
Land
Neighbourhood Features
Ratings
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Agent: Brendan SomersBrokerage: Engel & Volkers Vancouver Island
Phone: 250-217-7965
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