Exceptional development opportunity in the heart of Victoria’s coveted Beacon Hill neighbourhood. 980 Heywood Avenue offers a rare chance to acquire a prime residential development site just moments from Beacon Hill Park, Dallas Road, Cook Street Village and the Inner Harbour. Zoned GRD-1 (PGA), the property permits multi-family redevelopment, allowing for significant future density increases in one of Victoria’s most prestigious and supply-constrained locations. The zoning is designated as a Primary Growth Area and provides outstanding potential for developers, investors and long-term land holders seeking a landmark project in a highly desirable Fairfield/Beacon Hill setting. Development sites in this location are exceptionally rare, particularly with proximity to parks, beaches, downtown and amenities. Existing on-site structures include a tenanted triplex providing interim holding income and a storage barn. Buyers to verify all redevelopment potential with the City of Victoria.
Address
980 Heywood Ave
List Price
$1,890,000
Property Type
Residential
Type of Dwelling
Land
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Fairfield West
Lot Size
7800 Sq. Ft.
Lot Size (Acres)
0.17 Ac.
MLS® Number
1037245
Listing Brokerage
Engel & Volkers Vancouver Island
Postal Code
V8V 2Y4
Tax Amount
$8,945.01
Tax Year
2025