525 Sumas St, Victoria, BC V8T 4S4

LAND VALUE ONLY! With the scarcity of vacant land in Greater Victoria this opportunity offers buyers, builders, developers or investors the opportunity to build a new home with a garden suite or take the City of Victoria’s challenge to maximize housing with their new bylaws and the BC Gov’t new housing initiatives to maximize housing options. Excellently located directly across from Sumas Play Park and on major bus & cycling routes, walking distant to major shopping centres & Gorge Waterway plus close to Saanich’s plans for their City Centre Development Corridor Hub & only minutes to downtown Victoria. Major house fire in 2022 has damaged the house beyond repair and is boarded up to restrict public access for safety & liability concerns please respect this! Price below its 2023 land assessed value of $549,000 and below a new land sale of $565,000 on the street. Owner desiring a quick closing to move this opportunity. “Sold as is where is”