$1,650,000
$1,900,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
977/989 Foul Bay Rd Oak Bay, BC V8S 4H9
4 Beds
2 Baths
3,637 SqFt
Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,637 sqft
Price per Sqft $453
MLS Listing ID 976959
Sold Date 01/21/25
Style Duplex Side/Side
Bedrooms 4
Rental Info Unrestricted
Year Built 1954
Annual Tax Amount $7,189
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Description
DEVELOPER ALERT! Nestled in the heart of a highly sought-after area of Oak Bay, this sprawling 11,500 sq/ft. lot offers endless potential for visionary developers and investors alike. Positioned on a quiet, tree-lined street yet just minutes away from the city's best shopping, dining, and schools, this property is unmatched for its convenience and desirability. The existing structure, though aged, can serve as a holding property with rental income potential, or a clean slate for your dream development. Currently 2 x 2 bed/1 bath units. With generous zoning allowances and ample space for customization, this lot is perfect for creating a bespoke luxury residence or a multi-unit development under the new Bill 44 requirements. Don't miss the chance to capitalize on a rare opportunity to purchase a full duplex with development opportunities in an area well known for ongoing appreciation. Location, size, and future potential make this a standout property destined for transformation.
Location
Province BC
County Capital Regional District
Area Ob South Oak Bay
Direction South
Rooms
Basement Unfinished
Main Level Bedrooms 4
Kitchen 2
Interior
Heating Heat Pump, Natural Gas
Cooling Air Conditioning
Flooring Hardwood, Tile
Fireplaces Number 3
Fireplaces Type Other
Fireplace 1
Laundry In Unit
Exterior
Garage Spaces 1.0
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Lot Description Corner, Near Golf Course, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure
Building Description Frame Wood,Insulation: Ceiling,Insulation: Partial,Stucco & Siding, Duplex Side/Side
Faces South
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Partial,Stucco & Siding
Others
Restrictions ALR: No
Tax ID 009-154-469
Ownership Freehold
Pets Allowed Aquariums, Birds, Caged Mammals, Cats, Dogs
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Newport Realty Ltd.