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Listed by Brendan Somers Engel & Volkers Vancouver Island
$1,890,000
Est. payment /mo
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1037245
HOA Y/N No
Annual Tax Amount $8,945
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Land
Property Description
Exceptional development opportunity in the heart of Victoria's coveted Beacon Hill neighbourhood. 980 Heywood Avenue offers a rare chance to acquire a prime residential development site just moments from Beacon Hill Park, Dallas Road, Cook Street Village and the Inner Harbour. Zoned GRD-1 (PGA), the property permits multi-family redevelopment, allowing for significant future density increases in one of Victoria's most prestigious and supply-constrained locations. The zoning is designated as a Primary Growth Area and provides outstanding potential for developers, investors and long-term land holders seeking a landmark project in a highly desirable Fairfield/Beacon Hill setting. Development sites in this location are exceptionally rare, particularly with proximity to parks, beaches, downtown and amenities. Existing on-site structures include a tenanted triplex providing interim holding income and a storage barn. Buyers to verify all redevelopment potential with the City of Victoria.
Location
Province BC
County Capital Regional District
Community Vi Fairfield West
Area Victoria
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
View Y/N No
Garage No
Building
Sewer Sewer To Lot
Water Municipal
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Restrictions None
Ownership Freehold
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