41
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$1,715,000
Est. payment /mo
6,969 Sqft Lot
Active
2851 Foul Bay Rd Oak Bay, BC V8R 5C5
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1011158
Rental Info Unrestricted
Year Built 1954
Annual Tax Amount $13,130
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 70'w x 100'd
Property Sub-Type Mixed Use
Property Description
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.
Location
Province BC
County Capital Regional District
Area Ob Henderson
Zoning C2
Exterior
Exterior Feature Balcony
Parking On Site 1
Total Parking Spaces 7
Building
Story 2
Water Municipal
Structure Type Frame Wood
Others
Tax ID 005-588-740
Ownership Freehold
Listed by William Wright Commercial Real Estate Service - Victoria Branch