Prime Development Opportunity at 455 Watfield! Unlock the potential of Lot 12 at 455 Watfield—a prime 5,435 sqft property featuring dual zoning (R1 & R5), perfect for a versatile residential development. With its flat landscape & alley access, the lot is fully serviced with sewer & water connections right at the lot line. This property offers outstanding flexibility for various development options: add a suite, a carriage house, or expand to a triplex or fourplex to maximize rental income or resale value. Located just 3 blocks from Vancouver Island University & surrounded by parks, shops, & schools, this lot is ideally situated to meet the demands of future tenants & buyers. This prime location ensures a steady demand, catering to a diverse range of lifestyle needs while offering significant income-generating potential. Bonus: No GST—enabling investors to stretch their budgets further on this exceptional lot! Take advantage of this unique opportunity.
Data was last updated October 31, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$702,450
Min list price:
$275,000
Max list price:
$1,595,000
Avg days on market:
37
Min days on market:
1
Max days on market:
167
Avg price per sq.ft.:
$372.89
These statistics are generated based on the current listing's property type
and located in
Na University District. Average values are
derived using median calculations.