Located in the heart of Oak Bay’s coveted Estevan neighbourhood,this versatile property offers a rare blend of immediate livability and future potential.Set on a 7,000+ sq.ft. R5 Zoned lot,the home features a well-appointed 3-bedroom main residence plus a bright and spacious 2-bedroom suite—ideal for multi-generational living,rental income, or holding coverage. With incredible development potential, this is a prime R5 Zoned investment or holding opportunity in one of Victoria’s most desirable neighbourhoods. Whether you envision building new townhomes under the new SSMUH initiative, expanding the current residence, or simply moving into a turn-key home in a world-class location, the options are endless. Location offers a walkable lifestyle just minutes from Willows Beach, Oak Bay Avenue, and top-ranked schools including Willows Elementary and Oak Bay High. This is a chance to own property in an area where demand consistently outpaces supply—secure your future in Estevan today.