$549,900
2926 Prior St
Beds
0
Baths
—
Sqft
—
Year
—
Type
Vacant Land
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Victoria. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Permit is now approved for a front to back DUPLEX with legal suites (4 units). Rare development opportunity in the heart of the city, featuring southwest-facing backyard and an elevated, view-oriented lot just steps from Summit Park. This freehold vacant lot is set on a quiet residential street and offers outstanding potential. With its elevated position, the site is well suited to maximize city, mountain, and distant ocean views, making it an ideal project for builders, developers, or buyers looking to create a high-value custom build. Located just one block from Summit Park and only minutes to Quadra Village shops, cafés, and amenities, this is a rare chance to secure a well-situated lot in an established neighbourhood with strong upside. The property’s setting, views, and future density potential add even more long-term value. Development permit is approved for a duplex with legal suites ( 4 units). Plans available upon request. (id:65958)
- Subtype
- Vacant Land
- Community
- Hillside
- Common interest
- Freehold
- Lot size
- 3,552 square feet
- Lot dimensions
- 3552
- Parking
- 2 total
- On market
- Mar 13, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $3,087.85
- Zoning
- Residential
- Photos
- 12
- MLS#
- 1028712
- Area
- VICTORIA
Features and systems
View
Cash on cash
-6.94%
Cap rate
3.48%
GRM
16.7
Break-even rent
$3,419
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.