Situated in one of Victoria’s desirable urban pockets, 2639 Prior Street offers a rare opportunity to acquire a small-scale development site with meaningful upside and minimal red tape. The property is currently zoned R2 (Two Family Dwelling) and lies within the Official Community Plan (OCP) designation for Urban Residential, supporting low-rise multifamily development up to 4 storeys or potentially 6. What makes this site stand out is its dual street frontage, with access from both Prior Street and Bakery Mews, two legal roads offering design flexibility and potential for enhanced unit layouts, laneway access, or stratified infill. Just steps from Quadra Village, transit, and an easy connection to downtown, this lot blends pro-development policy, proven zoning, and livable location - it's a strong candidate for immediate development or holding income with the existing structure.
Data was last updated July 2, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$834,450
Min list price:
$420,000
Max list price:
$1,999,999
Avg days on market:
43
Min days on market:
2
Max days on market:
133
Avg price per sq.ft.:
$642.41
These statistics are generated based on the current listing's property type
and located in
Vi Oaklands. Average values are
derived using median calculations.