Attention all investors. This is a wonderful holding property for future development. This property is already TWO LEGAL LOTS on a quiet laneway side street. The location is second to none, offering easy access to all the amenities that Oak Bay has to offer. The neighborhood is highly sought after by families, professionals, and retirees, making it an excellent place to invest in a future project. With easy access to transportation, schools, shopping, and other amenities, this property has everything you need to create a successful development. The rentable house built in 1927 is a charming English cottage with plenty of character - wood burning fireplace and oak and fir floors, and a detached garage or workshop. Rentable for revenue. No subdivision is required. Convenient corner location. Parcel total approx 73'x100' providing two 50'x73' lots for small houses. Zoned RS-5. Call for further details.