1115 Caledonia Avenue is a prime redevelopment opportunity in Victoria, BC, on a 6,440 SF lot at the border of North Park and Fernwood. Zoned R-74, it allows for ground-oriented multi-unit dwellings, with potential for higher density under the Official Community Plan (up to 1.2:1 FSR or more with assembly). The property is listed at $998,000, reflecting its premium zoning and previous fourplex approval. The vibrant Fernwood neighborhood offers strong community assets, diverse demographics, and proximity to urban villages and downtown. Local cafes, restaurants, and services are just steps away, providing a lively and convenient lifestyle. Royal Athletic Park, home to the Victoria HarbourCats baseball team, is also nearby, adding to the area's recreational appeal. This property stands out for its flexible zoning, strong location, and significant potential for residential development.
Data was last updated July 31, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$565,000
Min list price:
$299,900
Max list price:
$1,850,000
Avg days on market:
67
Min days on market:
5
Max days on market:
192
Avg price per sq.ft.:
$511.9
These statistics are generated based on the current listing's property type
and located in
Vi Central Park. Average values are
derived using median calculations. This data is not produced by
the MLS® system.