Exciting Opportunity for Future Townhome Development in Mt. Tolmie
Discover the incredible potential of this expansive 13,542 sq.ft. lot in the highly sought-after Mt. Tolmie neighborhood. With newly approved bylaws allowing for four townhomes, this prime property presents a rare chance to create a thoughtfully designed multi-unit development in one of Saanich’s most desirable areas.
Currently home to a charming mid-century bungalow, the property boasts large south-facing windows, filling the space with natural light. The existing residence offers three bedrooms (one without a closet), a full garage, and a lower level primed for creative multi-generational living or flexible use.
Future townhome residents will enjoy unbeatable proximity to top-tier schools, including St. Michael’s University School, Camosun College, and the University of Victoria, as well as easy access to shopping, parks, and transit. The Municipality of Saanich also provides potential for a garden suite, further enhancing the site’s development versatility.
A prime opportunity for developers or investors looking to capitalize on the evolving housing landscape in Saanich. Don’t miss your chance to transform this generous lot into a stunning modern townhome community.
Address
1920 Waterloo Rd
List Price
$1,159,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Contemporary
Area
Saanich East
Sub-Area
SE Mt Tolmie
Bedrooms
3
Bathrooms
1
Floor Area
1,136 Sq. Ft.
Lot Size
13542 Sq. Ft.
Lot Size (Acres)
0.31 Ac.
Year Built
1953
MLS® Number
987532
Listing Brokerage
RE/MAX Camosun
Basement Area
Unfinished, Walk-Out Access
Postal Code
V8P 1J3
Tax Amount
$5,335.04
Tax Year
2024
Features
F/S/W/D, Hardwood, Oil, Storage, Workshop
Amenities
Central Location, Park Setting, Primary Bedroom on Main, Quiet Area, Shopping Nearby