2639 Prior Street, Hillside Victoria

Description

Situated in one of Victoria’s desirable urban pockets, 2639 Prior Street offers a rare opportunity to acquire a family home with excellent development upside. The property is now zoned GRD-1 (General Residential District), supporting multifamily residential development up to 1.6:1 FSR and 5-6 storey forms within the Victoria's Priority Growth Area. The lot has more promising development upside compared to other options on the market due to the dual street frontage. With access from both Prior Street and Bakery Mews, two legal roads, it provides significant design flexibility for improved unit layouts, a dream template to work with. Just steps from Quadra Village, transit, and with an easy connection to downtown, this lot combines pro-development policy and a livable location – it's a strong candidate for immediate development or generating income with the existing structure. (id:39198)