A rare opportunity to acquire a large corner lot at 999 Violet Ave. This 1950s home is coming to the market for the first time in over 30 years. The home is being sold as is where is, and the value of the property lies mainly in its development potential. At over 18,000 sq ft, this large corner lot has many possibilities for redevelopment. From subdivision to Townhouse or multi-unit, there are plenty of options for builders looking to capitalize on this large lot. Pre-liminary conversations with Saanich highlight the opportunity to subdivide the property into two approx. 9000 sq ft lots. This is the easiest option as the original lot sizes on the street are 9000 sq ft. The potential also lies in the ability to create 3 x 6000 sq ft lots due to the property's corner location. New regulations under the Small Scale Multi-Tenant Housing (SSMH) allow for multi-unit dwellings. The property also benefits from newly upgraded sidewalks and road improvements along Grange Rd.
Data was last updated July 4, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,249,900
Min list price:
$699,500
Max list price:
$1,985,000
Avg days on market:
30
Min days on market:
1
Max days on market:
109
Avg price per sq.ft.:
$584.44
These statistics are generated based on the current listing's property type
and located in
SW Marigold. Average values are
derived using median calculations.