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$ 52,500,000
Est. payment /mo
Active
1069/1101 Beach Dr Oak Bay, BC V8S2N2
5.13 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision South Oak Bay
MLS® Listing ID 1008863
Lot Size 5.130 Acres
Acres 5.13
Property Sub-Type Freehold
Property Description
*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:24570)
Location
Province BC
Zoning Residential
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling None
Exterior
Parking Features No
View Y/N Yes
View Mountain view, Ocean view
Total Parking Spaces 10
Private Pool No
Others
Ownership Freehold
Virtual Tour https://youtu.be/PZqPyuF-K9o
Listed by Sotheby's International Realty Canada