1905 Lee Avenue, Jubilee Victoria

Description

Rare zoning! Now under the new and unique TCD-1 zoning, this site offers a rare chance to build 4-6 storeys with residential units above and commercial space on the ground level, making it an outstanding option for developers, long-term holders, or anyone seeking future mixed-use value in a prime S Jubilee location. The existing 2bd character home offers original hardwood floors, bright kitchen and unfinished lower level that provides immediate use as a residence or rental while you plan your next step. This zoning is truly unique for the area, opening the door to density in a walkable, amenity-rich neighbourhood steps to Oak Bay Ave, RJH, transit, groceries, cafés, and schools. Another potential path is subdivision: previous approval is now conditional on rezoning, and remains an option for buyers wishing to pursue. Building plans for a 2000sqft 4bd/4bth home are available. Whether you develop, hold, build, rent, or explore subdivision, this property delivers flexibility rarely seen in the city. (id:39198)

Listed By

The listing brokerage and/or agent is Alexandrite Real Estate Ltd.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.