1606 Bank St
Victoria
V8R 4V4
$1,450,000
Residential
beds: 3
baths: 2.0
2,239 sq. ft.
built: 1908
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 989530
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 1908
- Photos (11)
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Seize this rare, turnkey development opportunity with a fully approved Development Permit for a 6-plex in one of Victoria’s most desirable neighborhoods. This 60x135’ lot comes with meticulously designed plans, featuring a mix of one 1-beds, three 2-beds, and two 3-bed suites, offering a total of 6,100 sq ft of modern living space. Each unit is thoughtfully designed with generous outdoor amenities to enhance livability. Positioned on a quiet, upscale street across from Sundance-Bank Elementary, this property is perfectly located near Oak Bay Ave, Royal Jubilee Hospital, & an array of local shops and services. The project is set to be stratified under Victoria’s Missing Middle program, presenting a streamlined path to market with significant profit potential. Whether you are an experienced developer or looking to enter the market, this property offers a unique chance to move quickly with a shovel-ready project. Land only—construction not included. Don’t let this opportunity pass you by!
- Property Type:
- Residential
- Type:
- Land
- Year built:
- 1908 (Age: 117)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 2,239 sq. ft.
- Listing General Location:
- Vi Jubilee, Victoria
- Bedrooms:
- 3
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 8,100 sq. ft.
- Lot Details:
- 60’ x 135’
- Kitchens:
- 1
- Taxes:
- Signup
- Construction:
- Stucco
- Basement:
- Not Full Height, Unfinished, Walk-Out Access, With Windows
- Foundation:
- Slab
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Floor finish:
- Carpet, Laminate, Linoleum
- Total Building Area:
- 3,029 sq. ft.
- Total Unfinished Area:
- 790 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 4
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 1
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 500 sq. ft.
- Living Area Main Floor:
- 1,344 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 395 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Wood Burning
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Oil, Wood
- Fireplace:
- Yes
- Pending Date:
- Signup
- Dining Room
- Fenced, Low Maintenance Yard
- North on Bank from Oak Bay Ave.
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Land Value Only
- Exposure / Faces:
- East
- Layout:
- Main Level Entry with Lower/Upper Lvl(s)
- Lot Site Features:
- Level, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk
- Attached Garage:
- No
- Carport Spaces:
- 1
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Carport, Detached
- Total Parking Spaces:
- 3
- Total Units:
- Signup
- Date Listed:
- Mar 06, 2025
- Original Price:
- 1450000.0
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Listed by RE/MAX Generation
Data was last updated July 11, 2025 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 27
- Avg list price:
- $574,900
- Min list price:
- $369,980
- Max list price:
- $2,195,000
- Avg days on market:
- 32
- Min days on market:
- 1
- Max days on market:
- 127
- Avg price per sq.ft.:
- $592.53
These statistics are generated based on the current listing's property type
and located in
Vi Jubilee. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- ALEXI ARGYRIOU
- ENGEL & VOLKERS OAK BAY
- 1 (250) 8885449
- Contact by Email
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