*Foreign Buyer Ban Exempt*
A once-in-a-generation opportunity in one of Canada’s most distinguished coastal enclaves. Set along Oak Bay’s prestigious Beach Drive, this rare assembly offers two titles, more than 1,000 feet of shoreline with private beach access, an exceptional buildable envelope, and panoramic views of the Haro Strait including Mount Baker to the Olympic Mountains.
Neighbouring pre-existing multi-family buildings and Oak Bay’s signature amenities: Victoria Golf Club, Oak Bay Beach Hotel, and Oak Bay Marina, underscore the site’s suitability for a landmark, legacy-scale project.
Importantly, the new Official Community Plan identifies these properties within a special study area for “larger sites and (multi lot) areas to be comprehensively planned and designed” for future land use changes, further highlighting their suitability for high-value redevelopment.
The groundwork is done. The site is professionally cleared and surveyed, and is supported by complete geotechnical, environmental, traffic, and servicing reports, streamlining due diligence for visionary purchasers. Whether advancing a best-in-class coastal development or securing a blue-chip land hold, this is Vancouver Island’s largest, most central, and sought after developable oceanfront opportunity in one of the country’s most resilient real estate markets.
Get in touch with us today to explore the possibilities.
Address
1069/1101 Beach Dr
List Price
$52,500,000
Property Type
Residential
Type of Dwelling
Land
Transaction Type
Sale
Area
Oak Bay
Sub-Area
OB South Oak Bay
Lot Size
223462.8 Sq. Ft.
Lot Size (Acres)
5.13 Ac.
MLS® Number
1008863
Listing Brokerage
Sotheby's International Realty Canada
Postal Code
V8S 2N2
Tax Amount
$134,422.00
Tax Year
2024
Features
Other
Amenities
Acreage, Central Location, Cleared, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Landscaped, Marina Nearby, Near Golf Course, Park Setting, Private, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, Walk on Waterfront, See Remarks