2851 Foul Bay Rd Oak Bay, BC V8R 5C5

Prime Oak Bay frontage offering great redevelopment potential & holding income at a niche location. ~7,000 SF corner lot with 70 feet of frontage facing Foul Bay Avenue. 2-storey mixed use building with ~2,900 SF per floor. Ground level fully vacant, consisting of a single commercial space plus a ~598 SF 1-bd/1-bath apt at the rear. Commercial space could be restored to original three unit configuration. Angled street parking along Foul Bay Ave. Upstairs has 3 apartments (2 are vacant): two 1-bed/1-bath units (one is tenanted), and a ~1,298 SF 2-bed/2-bath suite, all ready for updating and restoration. Seven parking stalls and two garages off rear laneway. C-2 zoning subject to change as Oak Bay OCP & Zoning updates move forward in Q4 2025, expected to increase allowable density & building heights along the Foul Bay transit corridor. Act now to secure your foothold in one of Oak Bay's most promising growth areas. Call agent for more info.