1115 Caledonia Avenue is a prime redevelopment opportunity in Victoria, BC, on a 6,440 SF lot at the border of North Park and Fernwood. Zoned R-74, it allows for ground-oriented multi-unit dwellings, with potential for higher density under the Official Community Plan (up to 1.2:1 FSR or more with assembly). The property is listed at $998,000, reflecting its premium zoning and previous fourplex approval. The vibrant Fernwood neighborhood offers strong community assets, diverse demographics, and proximity to urban villages and downtown. Local cafes, restaurants, and services are just steps away, providing a lively and convenient lifestyle. Royal Athletic Park, home to the Victoria HarbourCats baseball team, is also nearby, adding to the area's recreational appeal. This property stands out for its flexible zoning, strong location, and significant potential for residential development.
Address
1115 Caledonia Ave
List Price
$998,000
Property Type
Residential
Type of Dwelling
Land
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Central Park
Lot Size
6440 Sq. Ft.
Lot Size (Acres)
0.14 Ac.
MLS® Number
1043202
Listing Brokerage
Sotheby's International Realty Canada
Postal Code
V8T 1E9
Tax Amount
$4,635.39
Tax Year
2026
Amenities
Central Location, Cleared, Easy Access, Level, Recreation Nearby, Rectangular Lot, Shopping Nearby