Tucked away on a quiet little Oak Bay thoroughfare, sits this 1946 raised bungalow. This home has been in the same family since 1969, on a 7800 sq. ft. west facing corner lot. The main floor offers 1230 sq. ft. of character features such as original hardwood floors and coved ceilings. This larger-than-most lot offers a fully fenced rear yard with a great detached shop of almost 1000 sq. ft., ideal for the handiest of handymen! Because this property sits on a corner with 60' front on Falkland and 130' Stonehewer, it marks a great opportunity for redevelopment in today's missing-middle environment, with road access from half the property's frontage. So, whether you're looking for an entry level single family home in a great area, a large sunny lot to build your dream South Oak Bay home, or seeking the best lot for a missing-middle development, look no further, this one has all the options!