PRIME CADBORO BAY DEVELOPMENT SITE. Set on a level, approximately 21,775 sq. ft. (0.5 Acre) lot, this property combines exceptional development potential with a coastal lifestyle, just a short walk to Cadboro-Gyro Beach, parks, trails and Cadboro Bay Village. The site offers multiple development pathways under the current RS-10 zoning and SSMUH framework, including potential for up to four ground-oriented dwelling units without rezoning. The generous, level site also presents an opportunity to explore subdivision, with a minimum lot size of 8,396 sq. ft. under the RS-10 zoning bylaw. Cadboro Bay is an exceptional setting for high-end missing-middle housing, with limited land supply and strong demand from downsizers seeking lower-maintenance living without sacrificing quality, location or beach access. A rare opportunity to create a premium residential project in one of Greater Victoria's most desirable coastal neighbourhoods. Call today for a site tour or for more information.
Address
3934 Telegraph Bay Rd
List Price
$1,950,000
Property Type
Residential
Type of Dwelling
Land
Transaction Type
Sale
Area
Saanich East
Sub-Area
SE Cadboro Bay
Lot Size
21775 Sq. Ft.
Lot Size (Acres)
0.5 Ac.
MLS® Number
1047051
Listing Brokerage
Coldwell Banker Oceanside Real Estate
Postal Code
V8N 4H7
Tax Amount
$8,170.00
Tax Year
2026
Amenities
Cleared, Family-Oriented Neighbourhood, Level, Rectangular Lot, Serviced, Sidewalk