Rare zoning! Now under the new and unique TCD-1 zoning, this site offers a rare chance to build 4-6 storeys with residential units above and commercial space on the ground level, making it an outstanding option for developers, long-term holders, or anyone seeking future mixed-use value in a prime S Jubilee location. The existing 2bd character home offers original hardwood floors, bright kitchen and unfinished lower level that provides immediate use as a residence or rental while you plan your next step. This zoning is truly unique for the area, opening the door to density in a walkable, amenity-rich neighbourhood steps to Oak Bay Ave, RJH, transit, groceries, cafés, and schools. Another potential path is subdivision: previous approval is now conditional on rezoning, and remains an option for buyers wishing to pursue. Building plans for a 2000sqft 4bd/4bth home are available. Whether you develop, hold, build, rent, or explore subdivision, this property delivers flexibility rarely seen in the city.
Address
1905 Lee Ave
List Price
$1,150,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Character
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Jubilee
Bedrooms
2
Bathrooms
1
Floor Area
864 Sq. Ft.
Lot Size
5280 Sq. Ft.
Lot Size (Acres)
0.12 Ac.
Year Built
1949
MLS® Number
1020605
Listing Brokerage
Alexandrite Real Estate Ltd.
Basement Area
Unfinished, Walk-Out Access, With Windows
Postal Code
V8R 4W9
Tax Amount
$5,171.79
Tax Year
2025
Features
Dining Room, Dishwasher, F/S/W/D, Forced Air, Linoleum, Natural Gas, Tile, Wood, Wood
Amenities
Balcony/Patio, Corner Lot, Fencing: Partial, Level, Rectangular Lot
