*Foreign Buyer Ban Exempt* A once-in-a-generation opportunity in one of Canada’s most distinguished coastal enclaves. Set along Oak Bay’s prestigious Beach Drive, this rare assembly offers two titles, more than 1,000 feet of shoreline with private beach access, an exceptional buildable envelope, and panoramic views of the Haro Strait including Mount Baker to the Olympic Mountains. Neighbouring pre-existing multi-family buildings and Oak Bay’s signature amenities: Victoria Golf Club, Oak Bay Beach Hotel, and Oak Bay Marina, underscore the site’s suitability for a landmark, legacy-scale project. Importantly, the new Official Community Plan identifies these properties within a special study area for “larger sites and (multi lot) areas to be comprehensively planned and designed” for future land use changes, further highlighting their suitability for high-value redevelopment. The groundwork is done. The site is professionally cleared and surveyed, and is supported by complete geotechnical, environmental, traffic, and servicing reports, streamlining due diligence for visionary purchasers. Whether advancing a best-in-class coastal development or securing a blue-chip land hold, this is Vancouver Island’s largest, most central, and sought after developable oceanfront opportunity in one of the country’s most resilient real estate markets. Get in touch with us today to explore the possibilities. (id:47421)
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Detailed Information
Features
Acreage, Central location, Curb & gutter, Park setting, Private setting, See remarks, Partially cleared, Other, Marine Oriented
Listing Contract Date
2025-08-15
Municipal ID
006-341-713
Ownership Type
Freehold
# of Parking Spaces
10
Plan
VIP2605
Property Type
Vacant Land
Transaction Type
For sale
Views
Mountain view, Ocean view
Waterfront Type
Waterfront on ocean
Zoning Description
R-1
Zoning
Residential
Building
Cooling Type
None
Heating Type
Other
Size (Exterior)
0 square feet
Parking Spaces
Name
Spaces
Stall
Land
Total Size
5.13 acres
Acreage
Yes
Size of Irregular Land
5.13
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