Listed on: Jun 11, 2026
Last Updated: Jun 23, 2026
0.70 ACMultifamily$929,900Sale
0.70 AC
Multifamily
$929,900
Sale
Cassandra Cherneff
Coldwell Banker Oceanside Real Estate
The Space
Asking Price$929,900
Available Space0.70 AC
MLS® ID1039996
ZoningR3
Year Built1957
Parking Spaces3
SourceVictoria Real Estate Board
Corner Lot
The Building
APPROVED 3-LOT SUBDIVISION & HOME WITH DEVELOPMENT PERMIT – Unique opportunity to buy a single-family home on 0.70 acres (30,492 sq. ft.), then subdivide into three separate lots, each with its own title. At the finish line of a 2-year application, now fully approved with development permit issued June 4, 2026. Final step: installing utility boxes at the lot line. Engineered servicing plans complete and submitted; installer on standby if the buyer wishes to proceed. Stunning property in the heart of Cobble Hill property with mature landscaping and high-producing apple, pear, cherry, and plum trees. Optimal build conditions – cleared, open fields enjoying all-day sunshine, with excellent drainage & excavation qualities, and no environmental, riparian, or other building restrictions beyond standard zoning. R3 zoning allows a primary home, plus one suite or carriage home – up to 6 dwelling units total. Detailed package with all documentation & utility cost breakdown available on request.
Property TypeMultifamily
Building Size918 ft²
Lot Size0.70 AC
MLS® ID1039996
ZoningR3
Year Built1957
Parking Spaces3
Corner Lot
NOTE: MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
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