956 Heywood Ave

Victoria, BC V8V2Y4

About this property

Rare development opportunity directly across from Beacon Hill Park, one of Victoria's finest green spaces, with boutique Cook Street Village shopping just behind. 956 Heywood Avenue is a 6,120 SF rectangular lot measuring 51' x 120', zoned General Residential District (GRD-1 PGA) and designated a Priority Growth Area in the City of Victoria OCP. In-place zoning permits multi-unit residential up to six storeys, with a base FSR of 1.6 (approx. 2.7 with density bonuses) and 55% maximum lot coverage, letting you bring your own mid-rise vision under existing zoning. Full municipal services to the property line. A previous five-unit townhouse project received Development Permit approval (since lapsed). Surprisingly private for orientation, with a Walk Score of 93. Priced well below the 2026 assessed value. Land Value only, though the existing home offers potential to be revitalized as a holding property or residence while plans proceed. (id:13843)

About this property

Rare development opportunity directly across from Beacon Hill Park, one of Victoria's finest green spaces, with boutique Cook Street Village shopping just behind. 956 Heywood Avenue is a 6,120 SF rectangular lot measuring 51' x 120', zoned General Residential District (GRD-1 PGA) and designated a Priority Growth Area in the City of Victoria OCP. In-place zoning permits multi-unit residential up to six storeys, with a base FSR of 1.6 (approx. 2.7 with density bonuses) and 55% maximum lot coverage, letting you bring your own mid-rise vision under existing zoning. Full municipal services to the property line. A previous five-unit townhouse project received Development Permit approval (since lapsed). Surprisingly private for orientation, with a Walk Score of 93. Priced well below the 2026 assessed value. Land Value only, though the existing home offers potential to be revitalized as a holding property or residence while plans proceed. (id:13843)

Features and Additional Information

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$985,000 Active
2 Bed(s)
1
Bath
1,322 sqft

Presented By Preferred Management

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License #RECO #4036190
Brokerage
RE/MAX Camosun
1-250-478-9600
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Area Information

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$ 985,000
This listing is play_arrow 0.0% lower than the average in the area
$ 985,000 in the area
1,322 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
1,322 SqFt in the area
$ 745 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 745 $/SqFt in the area
4 days on site
This listing is play_arrow 0.0% below the average in the area
4 days on site in the area

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Listed By Brandon Faber
Brokerage: RE/MAX Camosun

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