1606 Bank St
Victoria
V8R 4V4
$1,450,000
Residential
beds: 3
baths: 2.0
2,239 sq. ft.
built: 1908
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 989530
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 1908
- Photos (11)
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Seize this rare, turnkey development opportunity with a fully approved Development Permit for a 6-plex in one of Victoria’s most desirable neighborhoods. This 60x135’ lot comes with meticulously designed plans, featuring a mix of one 1-beds, three 2-beds, and two 3-bed suites, offering a total of 6,100 sq ft of modern living space. Each unit is thoughtfully designed with generous outdoor amenities to enhance livability. Positioned on a quiet, upscale street across from Sundance-Bank Elementary, this property is perfectly located near Oak Bay Ave, Royal Jubilee Hospital, & an array of local shops and services. The project is set to be stratified under Victoria’s Missing Middle program, presenting a streamlined path to market with significant profit potential. Whether you are an experienced developer or looking to enter the market, this property offers a unique chance to move quickly with a shovel-ready project. Land only—construction not included. Don’t let this opportunity pass you by!
- Property Type:
- Residential
- Type:
- Land
- Year built:
- 1908 (Age: 117)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 2,239 sq. ft.
- Listing General Location:
- Vi Jubilee, Victoria
- Bedrooms:
- 3
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 8,100 sq. ft.
- Lot Details:
- 60’ x 135’
- Kitchens:
- 1
- Taxes:
- Signup
- Construction:
- Stucco
- Basement:
- Not Full Height, Unfinished, Walk-Out Access, With Windows
- Foundation:
- Slab
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Floor finish:
- Carpet, Laminate, Linoleum
- Total Building Area:
- 3,029 sq. ft.
- Total Unfinished Area:
- 790 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 4
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 1
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 500 sq. ft.
- Living Area Main Floor:
- 1,344 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 395 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Wood Burning
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Oil, Wood
- Fireplace:
- Yes
- Pending Date:
- Signup
- Dining Room
- Fenced, Low Maintenance Yard
- North on Bank from Oak Bay Ave.
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Land Value Only
- Exposure / Faces:
- East
- Layout:
- Main Level Entry with Lower/Upper Lvl(s)
- Lot Site Features:
- Level, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk
- Attached Garage:
- No
- Carport Spaces:
- 1
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Carport, Detached
- Total Parking Spaces:
- 3
- Total Units:
- Signup
- Date Listed:
- Mar 06, 2025
- Original Price:
- 1450000.0
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Listed by RE/MAX Generation
Data was last updated March 31, 2025 at 06:05 AM (UTC)
Area Statistics
- Listings on market:
- 17
- Avg list price:
- $649,900
- Min list price:
- $389,500
- Max list price:
- $1,650,000
- Avg days on market:
- 32
- Min days on market:
- 10
- Max days on market:
- 174
- Avg price per sq.ft.:
- $621.51
These statistics are generated based on the current listing's property type
and located in
Vi Jubilee. Average values are
derived using median calculations.
- NICOLE PELAN
- RE/MAX CAMOSUN - OAK BAY
- 1 (250) 8969651
- Contact by Email
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RE/MAX Camosun
2239 Oak Bay Ave
Victoria, BC, V8R 1G4