980 Heywood Ave, Victoria
Fairfield West · Land · MLS® 1037245 · Listed May 20, 2026
Exceptional development opportunity in the heart of Victoria’s coveted Beacon Hill neighbourhood. 980 Heywood Avenue offers a rare chance to acquire a prime residential development site just moments from Beacon Hill Park, Dallas Road, Cook Street Village and the Inner Harbour. Zoned GRD-1 (PGA), the property permits multi-family redevelopment, allowing for significant future density increases in one of Victoria’s most prestigious and supply-constrained locations. The zoning is designated as a Primary Growth Area and provides outstanding potential for developers, investors and long-term land holders seeking a landmark project in a highly desirable Fairfield/Beacon Hill setting. Development sites in this location are exceptionally rare, particularly with proximity to parks, beaches, downtown and amenities. Existing on-site structures include a tenanted triplex providing interim holding income and a storage barn. Buyers to verify all redevelopment potential with the City of Victoria.
| Property Type | Land |
| Lot Size | 7,800 sqft (0.17 acres) |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Zoning | Residential |
| Taxes | $8,945.01 (2025) |
| MLS® # | 1037245 |
| Brokerage | Engel & Volkers Vancouver Island |
Similar properties sold within 6 months
Fairfield West all property types averages, updated daily. See Fairfield West market stats or Victoria market stats.
It has an accepted offer and the sale is pending; the asking price was $1,890,000.
The lot is 7,800 sqft (0.17 acres).
Victoria is currently a seller's market: median sold price $734,900, 2.1 months of inventory, homes typically selling in about 34 days.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Aug 17, 2026.
