Front row @ Cadboro-Gyro Park & steps to the Village, this rare LAND ASSEMBLY/DEVELOPMENT OPPORTUNITY boasts noteworthy latent value. 1940's cottage on level 8,425 sq/ft lot to be sold in conjunction w/ MLS #1040736 (2604 Penrhyn Street). Adjoining properties have been in the same family for over 75+ yrs. Offering an aggregate 20,837 sq/ft (.478 acres) this potential site boasts unparalleled OCEAN & PARK views, walkability & long-term growth opportunity w/ immediate proximity to the area's finest beaches, boutique shops, pub, grocery, UVIC & Village amenities. Sought after residential neighborhood w/ an established mix of SFD's, townhomes & condos. Immediate proximity to recently completed high-end strata developments & more currently underway w/ sales commanding top tier sq/ft value. Expanding range of housing options in the Village Neighborhood have increased housing diversity & supply, while retaining street & block character. Opportunity knocks to provide needed housing options.
Address
2608 Penrhyn St
List Price
$1,465,700
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Cottage/Cabin
Transaction Type
Sale
Area
Saanich East
Sub-Area
SE Cadboro Bay
Bedrooms
2
Floor Area
987 Sq. Ft.
Lot Size
8425 Sq. Ft.
Lot Size (Acres)
0.19 Ac.
Year Built
1949
MLS® Number
1040767
Listing Brokerage
Pemberton Holmes Ltd - Sidney
Basement Area
Crawl Space
Postal Code
V8N 1G3
Tax Amount
$7,622.79
Tax Year
2026
Features
Baseboard, Blinds, Carpet, Dryer, Electric, Linoleum, Oven/Range Electric, Propane, Refrigerator, Washer, Wood Frames
Amenities
Balcony/Patio, Central Location, Easy Access, Fencing: Partial, Garden, Landscaped, Level, Marina Nearby, Private, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure, Workshop