Development Opportunity: Approved 8-Unit Townhouse Project at Chancler & St. Charles, Victoria, BC. Seize a prime investment opportunity in Victoria’s South Fairfield Gonzales neighbourhood, just steps from the Salish Sea, with this 9,200 sq ft development site at the corner of Chandler and St. Charles. Fully zoned and development permit-approved, offering a streamlined path to profitability in one of Victoria’s most desirable markets, minutes from downtown Victoria. A boutique collection of eight modern townhouses, featuring contemporary architecture that will enhance the neighbourhood and stand the design test of time. Tailored to meet strong market demand for Missing Middle price points, the project includes four ground-floor, single-level one- and two-bedroom units, ranging from 650 to 850 sq ft, with private entrances and generous patios, ideal for downsizers, young professionals, and families. Above these are four two-story, three-bedroom units of approximately 1,700 to 2,200 sq ft, with dramatic ceiling heights in main living areas and private rooftop decks, designed to attract families seeking unique, premium living spaces. Situated in South Fairfield, close to Ross Bay and Ross Bay Shopping Centre, steps away from Thrifties, Hollywood Park’s tennis courts, and the beautiful sandy Gonzales Bay Beach. Whether by foot, bike, or transit, residents can commute with ease to Oak Bay Village, Cook Street Village, and Downtown Victoria. This quiet, residential enclave of Fairfield Gonzales provides everything needed for a well-connected, active lifestyle, The project includes four dedicated parking spaces and two Modo car-share memberships per home, enhancing marketability by blending convenience with sustainable living. With zoning and permits secured, this development eliminates upfront hurdles, allowing you to focus on execution and capitalize on Victoria’s robust demand for premium, Missing Middle residential properties.
Address
395 St. Charles St
List Price
$2,400,000
Property Type
Residential
Type of Dwelling
Land
Style of Home
California
Area
Victoria
Sub-Area
Vi Fairfield East
Bedrooms
3
Bathrooms
1
Floor Area
1,182 Sq. Ft.
Lot Size
9200 Sq. Ft.
Lot Size (Acres)
0.22 Ac.
Year Built
1955
MLS® Number
1006393
Listing Brokerage
Coldwell Banker Oceanside Real Estate
Basement Area
Crawl Space
Postal Code
V8S 3N2
Tax Amount
$6,201.44
Tax Year
2024
Features
Aluminum Frames, Blinds, Dining Room, Dryer, Eating Area, F/S/W/D, Forced Air, Hardwood, Laminate, Linoleum, Natural Gas, Storage, Washer, Wood
Amenities
Corner Lot, Fencing: Partial, Ground Level Main Floor, Level, Primary Bedroom on Main, Private, Rectangular Lot, Storage Shed