Rare development opportunity directly across from Beacon Hill Park, one of Victoria’s finest green spaces, with boutique Cook Street Village shopping just behind. 956 Heywood Avenue is a 6,120 SF rectangular lot measuring 51' x 120', zoned General Residential District (GRD-1 PGA) and designated a Priority Growth Area in the City of Victoria OCP. In-place zoning permits multi-unit residential up to six storeys, with a base FSR of 1.6 (approx. 2.7 with density bonuses) and 55% maximum lot coverage, letting you bring your own mid-rise vision under existing zoning. Full municipal services to the property line. A previous five-unit townhouse project received Development Permit approval (since lapsed). Surprisingly private for orientation, with a Walk Score of 93. Priced well below the 2026 assessed value. Land Value only, though the existing home offers potential to be revitalized as a holding property or residence while plans proceed.
Data was last updated October 20, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
65
Avg list price:
$1,028,000
Min list price:
$249,900
Max list price:
$2,725,000
Avg days on market:
39
Min days on market:
4
Max days on market:
209
Avg price per sq.ft.:
$571.74
These statistics are generated based on the current listing's property type
and located in
Vi Fairfield West. Average values are
derived using median calculations. This data is not produced by
the MLS® system.