This centrally located 8,140 sq ft lot offers exceptional versatility and presents a rare opportunity for first-time buyers, renovators, or developers. Listed at assessed value, it stands out as one of the most compelling price-to-potential properties in Saanich East. The existing 2-bedroom, 1-bath home is cozy, functional, and ideal for buyers looking to enter the market and build equity over time. With a little imagination and effort, it could be transformed into a charming cottage-style home—and you can live in it while you renovate. It also makes a great holding property, with solid rental potential while plans are developed for future use. The lot’s generous size and level topography make it a strong candidate for small-scale multi-unit housing (SSMUH) under Saanich’s evolving guidelines. Set on a quiet street between McKenzie and Quadra, the location offers easy access to schools, shopping, UVic, and major transit routes—all without the disruption of highway noise. Whether you're dreaming of a personalized renovation, securing your first home, or exploring development potential, this property delivers outstanding value and opportunity. (id:2493)
Data was last updated July 22, 2025 at 02:15 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$1,054,900
Min list price:
$599,000
Max list price:
$1,649,000
Avg days on market:
27
Min days on market:
6
Max days on market:
111
Avg price per sq.ft.:
$408.33
These statistics are generated based on the current listing's property type
and located in
High Quadra. Average values are
derived using median calculations. This data is not produced by the MLS® system.
