Description
Front row @ Cadboro-Gyro Park & steps to the Village, this rare LAND ASSEMBLY/DEVELOPMENT OPPORTUNITY boasts noteworthy latent value. 1940's cottage on level 8,425 sq/ft lot to be sold in conjunction w/ MLS #1040736 (2604 Penrhyn Street). Adjoining properties have been in the same family for over 75+ yrs. Offering an aggregate 20,837 sq/ft (.478 acres) this potential site boasts unparalleled OCEAN & PARK views, walkability & long-term growth opportunity w/ immediate proximity to the area's finest beaches, boutique shops, pub, grocery, UVIC & Village amenities. Sought after residential neighborhood w/ an established mix of SFD's, townhomes & condos. Immediate proximity to recently completed high-end strata developments & more currently underway w/ sales commanding top tier sq/ft value. Expanding range of housing options in the Village Neighborhood have increased housing diversity & supply, while retaining street & block character. Opportunity knocks to provide needed housing options.
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1040767 |
| Status | Active |
| City | Saanich |
| Area | Saanich East |
| Sub-Area | SE Cadboro Bay |
| Postal Code | V8N 1G3 |
| Property Taxes | $7,622.79 (2026) |
| Parking Total | 3 |
| Zoning | RS-10 |
| Facing | Southeast |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Baseboard,Electric,Propane |
| Fireplaces | 1 |
| Fireplace Type | Living Room,Propane |
| Appliances | Dryer,Oven/Range Electric,Refrigerator,Washer |
| Exterior Features | Balcony/Patio,Fencing: Partial,Garden |
| Construction | Frame Wood,Wood |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Basement | Crawl Space |
| Laundry | In House |
| Listed Date | Jun 17, 2026 |
| Ownership | Freehold |
| Lot Size | 0.19 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 3-Piece | |
| Bedroom | Main level | 10 ft x 10 ft | |
| Dining room | Main level | 10 ft x 8 ft | |
| Entrance | Main level | 9 ft x 3 ft | |
| Kitchen | Main level | 8 ft x 12 ft | |
| Laundry room | Main level | 12 ft x 8 ft | |
| Living room | Main level | 16 ft x 13 ft | |
| Porch | Main level | 19 ft x 7 ft | |
| Primary Bedroom | Main level | 14 ft x 11 ft | |
| Workshop | Main level | 9 ft x 14 ft |
Building Details
| Architectural Style | Cottage, Cabin |
| Heating | Baseboard heaters |
| Heating Fuel | Electric, Propane |
| Stories | -1 |
| Appliances | Dryer, Range - Electric, Refrigerator, Washer |
Additional Information
| Features | Central location, Level lot, Private setting, Southern exposure, Other, Marine Oriented |
| View | Ocean view |
| Land Size | 8425 sqft |
| Land Access | Road access |
| Building Type | House |
| Interior Size | 987 sqft |
| Transaction | For sale |