Residential Property in Victoria

$998,000

1115 Caledonia Ave
MLS^® NO: 1043202

Description

1115 Caledonia Avenue is a prime redevelopment opportunity in Victoria, BC, on a 6,440 SF lot at the border of North Park and Fernwood. Zoned R-74, it allows for ground-oriented multi-unit dwellings, with potential for higher density under the Official Community Plan (up to 1.2:1 FSR or more with assembly). The property is listed at $998,000, reflecting its premium zoning and previous fourplex approval. The vibrant Fernwood neighborhood offers strong community assets, diverse demographics, and proximity to urban villages and downtown. Local cafes, restaurants, and services are just steps away, providing a lively and convenient lifestyle. Royal Athletic Park, home to the Victoria HarbourCats baseball team, is also nearby, adding to the area's recreational appeal. This property stands out for its flexible zoning, strong location, and significant potential for residential development.

General

Property Type:Land

Title of Ownership:LOT 21, PLAN VIP153, SUBURBAN LOT 17, VICTORIA LAND DISTRICT

Taxes:$4,635

Tax Year:2026

Site Influences

Lot SqFt: 6,440

Acres: 0.14

Water: To Lot

Waste: Sewer To Lot

Zoning: GRD-1 (PGA)

Lot Features: Central Location, Cleared, Easy Access, Level, Recreation Nearby, Rectangular Lot, Shopping Nearby

Strata Lot Information

Rental Restrictions: Unrestricted

Property Details

Beds: 0

Baths: 0

Sq. Feet:

Year Built:

Property Type: Land

Municipality: Victoria

Back To Listings

Listed with:

Lisa WilliamsSotheby's International Realty Canada
Phone: 250-514-1966

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.