Price Reduced! This rare 1.6 acre property is located in the highly desirable Cadboro Bay / Arbutus neighbourhood, steps from Cadboro Bay Village and blocks from the University of Victoria. This offering represents an exceptional opportunity to develop housing in one of Greater Victoria’s most affluent communities, where there is a very low supply of diverse housing options. Currently improved with a vacant 13,632 SF church facility and 53 paved parking stalls, there is significant potential for holding income while in planning. Conceptual development plans to develop townhomes have been well received by the Municipality of Saanich. Inquire for more details.