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  • For sale
Development Site with Holding Income in Fernwood For Sale - #1
Development Site with Holding Income in Fernwood For Sale - #2
Development Site with Holding Income in Fernwood For Sale - #3
Development Site with Holding Income in Fernwood For Sale - #4
Development Site with Holding Income in Fernwood For Sale - #5

For Sale

$1,980,000 CAD

Located in the middle of the 1300 block of Pandora Avenue in the Fernwood neighborhood of Victoria, the Subject Property is well serviced by transit routes connecting Downtown to Oak Bay and Saanich, including UVic. Fernwood has witnessed impressive rental rate growth in recent years and the property is well positioned to be redeveloped for higher rental density.

The neighborhood is quaint and charming with Fernwood Square, a short 5-minute walk away, at the heart of its village centre. The Square is the community’s gathering place with seasonal markets, lively summer celebrations, and local unique shops and hip restaurants, such as The Fernwood Inn, Aubergine Specialty Foods, Stage Wine Bar, Little June Cafe and Fernwood Pizza Company. Another 5 minute walk east of the Subject Property along Pandora Avenue is Stadacona Centre, which includes a great mix of local businesses including Shine Café, Origin Bakery and The Tartan Toque restaurant.