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Renanza Realty
For sale

1069/1101 Beach Dr

Oak Bay, British Columbia

MLS® 1008863

$52,500,000

Status
Active
Property type
Vacant land
MLS® number
1008863
Bedrooms
0
Bathrooms
0
Year built

Listing description

*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.

Property summary

MLS® number
1008863
Property type
Vacant Land
Title
Freehold
Land size
5.13 acres
Annual property taxes
$147,672.82
Parking
10 spaces · Stall
Days on market
387 days

Features & details

Heating
Other
Cooling
None
Lot features
Acreage, Central location, Curb & gutter, Park setting, Private setting, See remarks, Partially cleared, Other, Marine Oriented
View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

What would this home cost you?

Based on the $52,500,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$244,274 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Sotheby's International Realty Canada, Victoria.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.