1920 Waterloo Rd
Saanich, British Columbia V8P1J3

Exciting Opportunity for Future Townhome Development in Mt. Tolmie Discover the incredible potential of this expansive 13,542 sq.ft. lot in the highly sought-after Mt. Tolmie neighborhood. With newly approved bylaws allowing for four townhomes, this prime property presents a rare chance to create a thoughtfully designed multi-unit development in one of Saanich’s most desirable areas. Currently home to a charming mid-century bungalow, the property boasts large south-facing windows, filling the space with natural light. The existing residence offers three bedrooms (one without a closet), a full garage, and a lower level primed for creative multi-generational living or flexible use. Future townhome residents will enjoy unbeatable proximity to top-tier schools, including St. Michael’s University School, Camosun College, and the University of Victoria, as well as easy access to shopping, parks, and transit. The Municipality of Saanich also provides potential for a garden suite, further enhancing the site’s development versatility. A prime opportunity for developers or investors looking to capitalize on the evolving housing landscape in Saanich. Don’t miss your chance to transform this generous lot into a stunning modern townhome community. (28903733)