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  5. Church

1539 Church Avenue, Mt Tolmie Saanich

Price

$2,390,000

Bedrooms3 Beds

Bathrooms1 Baths

Size2200 sqft

Year Built1920

Property TypeDetached Home

Property Taxes$5,487.4

Description

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)

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Listed By

The listing brokerage and/or agent is Oakwyn Realty 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.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$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


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Cashflow Calculator

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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions