A rare opportunity to own a property with tremendous potential in Central Saanich! Situated on an impressive 18,762 sq.ft. lot, this 1960-built rancher offers approximately 2,897 sq.ft. of finished living space, with 2,117 sq.ft. on the main floor and an additional 780 sq.ft. on the lower level, including approximately 500 sq.ft. of unfinished workshop and storage space. Offering largely original features and a spacious, versatile layout, this home is an ideal opportunity for buyers looking to renovate, modernize and create something special. The main level features an expansive living room with a wood-burning fireplace and insert, large windows that bring in abundant natural light, a dining area overlooking the rear garden and a sunken family room, both with sliding doors to the patio and backyard. The original kitchen offers its own access to the outdoors. Hardwood flooring is believed to be beneath much of the existing carpet, with refinished hardwood already featured in the foyer and entry hall. The exceptionally spacious primary bedroom includes a dressing area with double vanity, makeup desk and skylight, plus a walk-in closet and 4-piece ensuite. A generous second bedroom features a charming window seat, while an additional bedroom has been created in one garage bay and includes a Murphy bed. The partially finished lower level adds flexibility with a recreation room, wet bar with sink and full bathroom. The remaining space offers excellent workshop and storage potential, complete with wide exterior access. Additional features include a single-car garage, sweeping driveway, RV parking pad, 200-amp electrical service, heat pump and a 2021 hot water tank. The generous lot, substantial home footprint and ample parking offer exciting possibilities, including the potential for a carriage house at the rear, subject to municipal approvals. An opportunity to bring your vision and unlock the possibilities of this substantial Central Saanich property!