Vacant Land
1069/1101 Beach Dr
South Oak Bay, Oak Bay, BC
MLS® 1008863 · 389 days on market
$52,500,000
5.1 acres
0 bed · 0 bath
Description
*Foreign Buyer Ban Exempt* A once-in-a-generation opportunity in one of Canada’s most distinguished coastal enclaves. Set along Oak Bay’s prestigious Beach Drive, this rare assembly offers two titles, more than 1,000 feet of shoreline with private beach access, an exceptional buildable envelope, and panoramic views of the Haro Strait including Mount Baker to the Olympic Mountains. Neighbouring pre-existing multi-family buildings and Oak Bay’s signature amenities: Victoria Golf Club, Oak Bay Beach Hotel, and Oak Bay Marina, underscore the site’s suitability for a landmark, legacy-scale project. Importantly, the new Official Community Plan identifies these properties within a special study area for “larger sites and (multi lot) areas to be comprehensively planned and designed” for future land use changes, further highlighting their suitability for high-value redevelopment. The groundwork is done. The site is professionally cleared and surveyed, and is supported by complete geotechnical, environmental, traffic, and servicing reports, streamlining due diligence for visionary purchasers. Whether advancing a best-in-class coastal development or securing a blue-chip land hold, this is Vancouver Island’s largest, most central, and sought after developable oceanfront opportunity in one of the country’s most resilient real estate markets. Get in touch with us today to explore the possibilities. (id:63159)
Property Details
Property & Lot
- Lot size
- 5.1 acres
- Zoning
- Residential — R-1
- Title
- Freehold
Interior
- Heating
- Other
- Cooling / A/C
- None
Exterior & Land
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
- Lot features
- Acreage, Central location, Curb & gutter, Park setting, Private setting, See remarks, Partially cleared, Other, Marine Oriented
Building & Utilities
- Parking spaces
- 10
- Parking type
- Stall
- Parcel ID (PID)
- 006-341-713
- Annual property tax
- $147,672.82
- Brokerage
- Sotheby's International Realty Canada
Location Insights
Population
17,990
(2021 Census)
-0.6% since 2016
- Density
- 1,710.1/km²
- Dwellings
- 8,168
- Median household income
- $107,000
- After-tax
- $93,000
- Immigrant population
- 21.9%
Top countries of origin
- United Kingdom7% · 1,265
- United States of America2.9% · 515
- China1.5% · 270
- Germany0.9% · 155
- South Africa, Republic of0.5% · 85
- Netherlands0.4% · 80
- Philippines0.4% · 75
- Taiwan0.4% · 70
Source: Statistics Canada, 2021 Census of Population.
Weather
Nearest station: Gonzales Point
21°C
—
Humidity 60%
Wind E 8 km/h
Today
21°
Tonight
12°
Thursday
19°
Thursday night
12°
Friday
16°
Friday night
11°
Source: Environment and Climate Change Canada.
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