Exciting possibilities arise with the recent announcement from the BC government, opening the door to potentially construct two houses, each with legal suites on this property! Another option includes maintaining the existing house and constructing a new residence with additional accommodations in the backyard, featuring REAR LANE ACCESS. Delight in this charming residence nestled in the highly sought-after south Oak Bay. Envision a robustly constructed of its era this 3200 sq ft home with some ocean views, boasting spacious rooms, high ceilings, fir floors, and more. Positioned just steps from the waterfront, convenience is at your fingertips with Oak Bay Village and Oak Bay Marina nearby, while the Victoria Golf Club is a short drive to the first tee. The rear lane access offers the convenience of ample parking or potential building site opportunities. Picture yourself enjoying your morning coffee on the wrap-around deck with water views. Buyers are advised to confirm all aspects for future development with the relevant governing bodies. The seller or listing agent makes no representations or guarantees. Call now to explore the potential of this unique property! ''What a difference a Day makes''