2851 Foul Bay Rd Oak Bay, British Columbia V8R 5C5

$1,715,000

Prime Oak Bay frontage offering great redevelopment potential & holding income at a niche location. Corner lot with 70 feet of frontage facing Foul Bay Avenue. 2-storey mixed use building with approximately 3,000 SF per floor. Ground level fully vacant, consisting primarily of a single commercial space plus a ~598 SF 1-bd/1-bath apt at the rear. Commercial space could be restored to original three unit configuration. Angled street parking along Foul Bay Ave. Upstairs has 3 apartments (2 are vacant): two 1-bed/1-bath apartments (one is tenanted), and a ~1,298 SF 2-bed/2-bath suite, all ready for updating and restoration. Seven parking stalls and two garages off rear laneway. C-2 zoning subject to change as Oak Bay OCP & Zoning updates move forward in Q4 2025, expected to increase allowable density & building heights along the Foul Bay transit corridor. Act now to secure your foothold in one of Oak Bay’s most promising growth areas. Call agent for more info. (id:59709)

Property Details

Building

Land

https://www.realtor.ca/real-estate/28739274/2851-foul-bay-rd-oak-bay-henderson