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738 Pembroke St 0.19 Acres of Residential Land Offered at $1,750,000 CAD in Victoria, BC V8T 1H8
Investment Highlights
- Centrally situated land offering direct connectivity to downtown Victoria via Blanshard and Douglas Street
- Current FSR of 3:1 with potential increase up to 5:1 under the Victoria 2050 Official Community Plan
- Located within the Rock Bay Slope policy area promoting residential, commercial, cultural, and industrial integration
- Designated within the Industry, Arts, and Innovations district allowing mixed-use development
- Vacant property allowing immediate demolition and streamlined construction timelines
- Close to key destinations including Save-On-Foods Memorial Centre, major shopping centers, and Victoria’s Inner Harbour
Executive Summary
738 Pembroke Street presents a rare opportunity to acquire a strategically located development land in one of Victoria’s most desirable urban corridors.
Located just minutes from the Blanshard and Douglas Street Corridors that funnel directly into the Downtown Core. The strategic position places the property at the doorstep of one of the city’s most active redevelopment nodes, with rapid access to major transit routes connecting Greater Victoria.
The current house on the property is vacant, allowing for immediate demolition upon permitting approval.
Development Potential:
The Property Civic Addresses: The subject property is located in the Industry, Arts, and Innovations district allowing for a (3:1 current FSR, up to a 5:1 under the Victoria 2050 OCP.
Sub Area - The Rock Bay Slope policy area is intended to accommodate strategically located housing while preserving Victoria’s industrial employment base. The area envisions vibrant mixed-use buildings featuring light industrial, commercial, office, and art/cultural uses at lower levels, with residential and work-live opportunities above
Located just minutes from the Blanshard and Douglas Street Corridors that funnel directly into the Downtown Core. The strategic position places the property at the doorstep of one of the city’s most active redevelopment nodes, with rapid access to major transit routes connecting Greater Victoria.
The current house on the property is vacant, allowing for immediate demolition upon permitting approval.
Development Potential:
The Property Civic Addresses: The subject property is located in the Industry, Arts, and Innovations district allowing for a (3:1 current FSR, up to a 5:1 under the Victoria 2050 OCP.
Sub Area - The Rock Bay Slope policy area is intended to accommodate strategically located housing while preserving Victoria’s industrial employment base. The area envisions vibrant mixed-use buildings featuring light industrial, commercial, office, and art/cultural uses at lower levels, with residential and work-live opportunities above
Property Facts
| Price | $1,750,000 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Property Type | Land | ||
| Zoning | IAI-1 - Industry, Arts & Innovation | ||
| Price | $1,750,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.19 AC |
| Zoning | IAI-1 - Industry, Arts & Innovation |
1 Lot Available
Lot
| Price | $1,750,000 CAD | Lot Size | 0.19 AC |
| Price Per AC | $9,387,908.37 CAD |
| Price | $1,750,000 CAD |
| Price Per AC | $9,387,908.37 CAD |
| Lot Size | 0.19 AC |
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
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738 Pembroke St
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