Exceptional development opportunity on a rare half-acre property with dual access from Canora Rd. and Rideau Ave. The existing home provides excellent holding potential while future plans are explored. Situated in the highly desirable North Saanich with quick access to BC Ferries, Victoria Airport and Sidney. Buyers are encouraged to verify development possibilities with the District of North Saanich. Potential concepts include approximately 7-8 townhomes, up to 14 three-storey condominiums, or four single-family lots of approximately 4,000-6,000 sq. ft., subject to approvals. Located on the Lochside Trail with easy cycling access to Sidney, Panorama Rec Centre and the airport. Walking distance to Marty's Mountain Market, Bazan Bay amenities, parks, and transit, including the McTavish transit exchange just 400 m away. An outstanding opportunity to secure a prime development site in one of the Peninsula's fastest-growing communities. Call today to arrange your viewing.