Front row @ Cadboro-Gyro Park & steps to the Village, this rare LAND ASSEMBLY/DEVELOPMENT OPPORTUNITY boasts noteworthy latent value. 1980's custom home on 12,412 sq/ft lot to be sold in conjunction with MLS #1040767 (2608 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.
Data was last updated June 18, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$1,699,000
Min list price:
$599,000
Max list price:
$7,250,000
Avg days on market:
42
Min days on market:
1
Max days on market:
151
Avg price per sq.ft.:
$735.14
These statistics are generated based on the current listing's property type
and located in
SE Cadboro Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.