DEVELOPMENT OPPORTUNITY. Well cared for Single Family Home also offering Potential land assembly site in the city of Victoria. The property has been recently designated "Small Urban Village" Land Use in the updated Fernwood Neighbourhood Plan. The location is ideally situated in very close proximity to shopping, amenities, Royal Jubilee Hospital, Downtown Victoria, all levels of school and is on a major Bus Route. The site offers frontages on three sides, Bay St, Shelbourne St & Howard St. The location would be very highly sought after by people looking for multi-family housing. Significantly improved with a single-family home, creating excellent holding income. Buyers to verify development potential with the City of Victoria. Buildings up to 5 storeys and 2.5:1 FSR may be considered with the ability to meet the emerging design guidelines and other city policies. No access to home without an accepted offer. Contact your realtor for more information and an information package.