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395 St. Charles St Victoria, British Columbia V8S 3N2

$2,400,000

Development Opportunity: Approved 8-Unit Townhouse Project at Chancler & St. Charles, Victoria, BC. Seize a prime investment opportunity in Victoria’s South Fairfield Gonzales neighbourhood, just steps from the Salish Sea, with this 9,200 sq ft development site at the corner of Chandler and St. Charles. Fully zoned and development permit-approved, offering a streamlined path to profitability in one of Victoria’s most desirable markets, minutes from downtown Victoria. A boutique collection of eight modern townhouses, featuring contemporary architecture that will enhance the neighbourhood and stand the design test of time. Tailored to meet strong market demand for Missing Middle price points, the project includes four ground-floor, single-level one- and two-bedroom units, ranging from 650 to 850 sq ft, with private entrances and generous patios, ideal for downsizers, young professionals, and families. Above these are four two-story, three-bedroom units of approximately 1,700 to 2,200 sq ft, with dramatic ceiling heights in main living areas and private rooftop decks, designed to attract families seeking unique, premium living spaces. Situated in South Fairfield, close to Ross Bay and Ross Bay Shopping Centre, steps away from Thrifties, Hollywood Park’s tennis courts, and the beautiful sandy Gonzales Bay Beach. Whether by foot, bike, or transit, residents can commute with ease to Oak Bay Village, Cook Street Village, and Downtown Victoria. This quiet, residential enclave of Fairfield Gonzales provides everything needed for a well-connected, active lifestyle, The project includes four dedicated parking spaces and two Modo car-share memberships per home, enhancing marketability by blending convenience with sustainable living. With zoning and permits secured, this development eliminates upfront hurdles, allowing you to focus on execution and capitalize on Victoria’s robust demand for premium, Missing Middle residential properties. (id:29647)

Property Details

MLS® Number 1006416
Property Type Vacant Land
Neigbourhood Fairfield East
Features Central Location, Corner Site, Other
Plan Vip10430

Building

Constructed Date 1955
Fireplace Present No
Size Exterior 1182 Sqft

Land

Acreage No
Size Irregular 9200
Size Total 9200 Sqft
Size Total Text 9200 Sqft
Zoning Description Missing Middle Initiative
Zoning Type Unknown

https://www.realtor.ca/real-estate/28554194/395-st-charles-st-victoria-fairfield-east


Coldwell Banker Oceanside Real Estate
3194 Douglas St
Victoria, British Columbia V8Z 3K6

(250) 383-1500
(250) 383-1533

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