Beautiful and rare .23 ACRE property on one of South Oak Bay's nicest streets! Offered for sale for the first time in nearly 75 years, the lot features a sunny, private, WEST-FACING back yard, and is just steps from the ocean. The original 1931 character home is solidly built, with 4 bedrms, 1 bath & bamt, and original hardwood floors and windows. While the house would be a great rental or renovation project, the value here is primarily in the lot itself, which is larger than most of the neighbouring properties. New homes in the area have recently sold in the mid to high $3m range, and are always sought-after! South Oak Bay offers easy access to top schools, beaches, parks, and lots of options for recreation, including the Victoria Golf Club and Oak Bay Marina. Wonderful amenities incl. pubs, cafe's, restaurants & boutique shops are available in & around Oak Bay Village. This property offers a special opportunity not to be missed, in a beautiful, safe, upscale, seaside community!