To be sold with MLS#1010511 for a total of $1,275,000; must be sold together. Subdivision approval is already in place for a small-lot development, with building plans by Java Designs for a 2,000 sq ft four-bedroom, four-bathroom home on the adjacent parcel included. Nestled in South Jubilee on the Oak Bay border, 1905 Lee Ave lets you move into the charming two-bedroom character home while you build next door. Alternatively, rent the existing house and explore missing-middle or redevelopment options under the City’s OCP and zoning modernization, which identify this site in a priority growth area with multi-unit potential. You’re steps from major transit, Oak Bay Recreation Centre, groceries, restaurants and Oak Bay Avenue, and in the Willows Elementary, Monterey Middle and Oak Bay High catchments. The sunlit living room, original hardwood floors, formal dining room, bright kitchen and unfinished lower level with storage or future potential complete this rare investment.