Presenting a remarkable development opportunity in Victoria, BC, located at 3145 Balfour Avenue. This property features a single-family detached home on a generous 11590.47, square foot lot, already rezoned with an approved development permit to subdivide into two separate lots. The front lot retains the charming 1960s home, while the rear lot is approved for a stunning 5-bedroom, 3-bathroom house, including a 2-bed, 1-bath lock-off suite. Existing Home Features: • Retained charm and character from the 1960s • Coved ceilings, original wood-burning fireplace, and oak hardwood floors • Updated kitchen, roof, and new furnace, heat pump, and hot water tank installed this year with a 200-amp service upgrade • Main floor: 3 bedrooms and an updated bathroom • Downstairs: laundry, den/fourth bedroom, large recreation room, and a full bathroom (potential suite conversion) Prime Location: • Near schools, transit, shopping, bike paths, and parks This well-maintained home offers immense value and potential for further enhancement by the right buyer. Don’t miss this rare opportunity to acquire a lucrative project with minimal competition in the area. Contact: Dana Benson @ 250-217-4582, Serious buyers only!