1115 Caledonia Avenue is a prime redevelopment opportunity in Victoria, BC, on a 6,440 SF lot at the border of North Park and Fernwood. Zoned R-74, it allows for ground-oriented multi-unit dwellings, with potential for higher density under the Official Community Plan (up to 1.2:1 FSR or more with assembly). The property is listed at $998,000, reflecting its premium zoning and previous fourplex approval. The vibrant Fernwood neighborhood offers strong community assets, diverse demographics, and proximity to urban villages and downtown. Local cafes, restaurants, and services are just steps away, providing a lively and convenient lifestyle. Royal Athletic Park, home to the Victoria HarbourCats baseball team, is also nearby, adding to the area's recreational appeal. This property stands out for its flexible zoning, strong location, and significant potential for residential development. (id:44056)

Property Details

Full Address:
1115 Caledonia Ave, Victoria, British Columbia
Price:
$ 998,000
MLS Number:
1043202
List Date:
July 31st, 2026
Lot Size:
6440 sq.ft.
Taxes:
$ 4,635

Interior Features

Building Features

Zoning:
Multi-Family
Zoning Detail:
GRD-1 (PGA)
Garage Spaces:
4
Ownership Type:
Freehold
Taxes:
$ 4,635

Floors

Land

Lot Size:
6440 sq.ft.
Lot Features:
Central location, Level lot, Partially cleared, Other, Rectangular

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Lisa Williams Personal Real Estate Corporation Sotheby's International Realty Canada
250-514-1966
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Listing Agent(s)

Lead Agent: Lisa Williams
Office: Sotheby's International Realty Canada
Originating Board: Victoria Real Estate Board

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