Exceptional development opportunity on a rare ½-acre property with dual access from Canora Rd. and Rideau Ave. The existing home provides excellent holding potential while future plans are explored. Situated in the highly desirable North Saanich with quick access to BC Ferries, Victoria Airport and Sidney. Buyers are encouraged to verify development possibilities with the District of North Saanich. Potential concepts include approximately 7-8 townhomes, up to 14 three-storey condominiums, or 4 single-family lots of approximately 4,000-6,000 sq. ft., subject to approvals. Located on the Lochside Trail with easy cycling access to Sidney, Panorama Rec Centre and the airport. Walking distance to Marty's Mountain Market, Bazan Bay amenities, parks, and transit, including the McTavish transit exchange just 400m away. An outstanding opportunity to secure a prime development site in one of the Peninsula's fastest-growing communities. Call today to arrange your viewing.
Data was last updated August 11, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,477,950
Min list price:
$1,125,000
Max list price:
$3,495,000
Avg days on market:
47
Min days on market:
6
Max days on market:
159
Avg price per sq.ft.:
$658.28
These statistics are generated based on the current listing's property type
and located in
NS Bazan Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.