This centrally located 8,140 sq ft lot presents a rare opportunity for 1st-time buyers, renovators, or developers. Listed at assessed value, it is one of the most compelling price-to-potential properties in Saanich East. The existing 2-bed, 1-bath home is cozy, functional, and ideal for buyers looking to enter the market and build equity over time. With a little imagination and effort, it could be transformed into a charming cottage-style home, or it would also make a great holding property, with solid rental potential while plans are developed. The lot’s generous size and level topography make it a strong candidate for SSMUH under Saanich’s evolving guidelines. Set on a quiet street between McKenzie and Quadra, the location offers easy access to schools, shopping, UVic, and major transit routes without the disruption of highway noise. This property delivers outstanding value and opportunity for a personalized renovation, securing your first home, or exploring development potential.