Price
$2,390,000
Bedrooms3 Beds
Bathrooms1 Baths
Size2200 sqft
Year Built1920
Property TypeDetached Home
Property Taxes$5,487.4
A rare and highly strategic opportunity to secure nearly 17,000 sq ft of development-ready land in one of Saanich’s most promising growth areas. Welcome to 1539 Church Avenue, a property that checks the boxes for location, zoning, lot configuration, and long-term value. This RS-6 zoned site is now eligible for small-scale multi-unit housing (SSMUH), allowing for up to six residential units without subdivision. For those seeking even greater yield, the lot's size and shape present the potential to subdivide and construct four triplex-style buildings (subject to municipal approval), bringing the possible unit count to 12. The lot itself is flat, well-positioned, and uniquely shaped with an eastern leg that offers rare flexibility, ideal for a private access lane, parking corridor, or service entry. Whether you're planning a purpose-built rental project, strata townhomes, or a long-term hold with future upside, this property is well-suited for a range of development strategies. Located just off the Shelbourne Corridor and within the boundaries of the Shelbourne Valley Action Plan, the site is supported by forward-thinking municipal policy aimed at walkable, transit-connected, and human-scale housing. Steps to groceries, parks, schools, and rapid transit, and minutes from UVic, Camosun College, and Royal Jubilee Hospital, the surrounding area offers both lifestyle appeal and income stability. With strong resale demand, a highly rentable location, and alignment with provincial housing direction, this property represents a smart acquisition for any builder, investor, or vision-driven buyer. Full information package available upon request. Please do not walk the property without permission. (id:39198)
The listing brokerage and/or agent is Oakwyn Realty Ltd.
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$9,044 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,912,000
Total Interest Payments
$1,178,865
Total Payment (Principal + Interest)
$3,090,865
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Realtors
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.