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1115 Caledonia Ave, Victoria
Central Park · Land · MLS® 1043202 · Listed Jul 31, 2026
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.
| Property Type | Land |
| Lot Size | 6,440 sqft (0.14 acres) |
| Lot Features | Central Location, Cleared, Easy Access, Level, Recreation Nearby, Rectangular Lot, Shopping Nearby |
| Parking | 4 spaces |
| Water | To Lot |
| Sewer | Sewer To Lot |
| Zoning | Multi-Family |
| Taxes | $4,635.39 (2026) |
| MLS® # | 1043202 |
| Brokerage | Sotheby's International Realty Canada |
For sale now at $998,000.
No registered sales on file yet.
Sources: MLS® (current listing and 8X deals), BC Assessment / Land Title, used under licence. Days on market are per listing. Terms of Use.
Similar properties sold within 6 months
35 sales in Central Park in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
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35 sales in Central Park in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
free account · one email · no obligation · already a member? log in
Central Park all property types averages, updated daily. See Central Park market stats or Victoria market stats.
It is listed at $998,000.
It has 4 parking spaces.
The lot is 6,440 sqft (0.14 acres).
Victoria is currently a buyer's market: median sold price $518,500, 10 months of inventory, homes typically selling in about 45 days.
There are 20 lots for sale in Central Park right now. Browse all Central Park lots for sale to see current listings, updated daily from the MLS® system.
The median lot sold price in Central Park is $518,500, based on 35 sales over the past 12 months. The median price per square foot is $548. Compare asking prices across the lots currently for sale in Central Park.
NOTE: MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Nov 1, 2026.
