Prime 0.42-acre development opportunity w/ approved permits to build a duplex at the rear and convert the existing home into another duplex—creating 4 homes. Nestled behind mature trees & set back from the road, this rare gem hits the market for the first time in nearly 30 years.The existing home feat: original hardwood floors & charming mid-century details. Developers can hold & rent the house while finalizing construction plans, maximizing ROI from day one. Alternatively, this is an ideal multi-generational property—offering the space & flexibility for families or groups to create customized living arrangements on one property .South-facing rear yard captures abundant natural light. Located in the heart of Esquimalt with quick access to popular parks, local amenities, shopping, & dining. Enjoy convenient commutes to Downtown Victoria, Saanich, & the West Shore. Don't miss this versatile opportunity, whether you're building your investment portfolio or your family's future.
Address
863 Parklands Dr
List Price
$1,850,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Esquimalt
Sub-Area
Es Gorge Vale
Bedrooms
6
Bathrooms
4
Floor Area
3,686 Sq. Ft.
Lot Size
18400 Sq. Ft.
Lot Size (Acres)
0.42 Ac.
Year Built
1955
MLS® Number
1031878
Listing Brokerage
Initium Real Estate Ltd.
Basement Area
Crawl Space
Postal Code
V9A 4L6
Tax Amount
$8,941.16
Tax Year
2025
Features
Blinds, Ceiling Fan(s), Forced Air, Oil, Wood
Amenities
Curb & Gutter, Private