Situated in the highly coveted Saxe Point neighbourhood, this property offers both lifestyle and opportunity. Just a 5-minute stroll brings you to Saxe Point Park, MacCaulay Point boat launch, or Esquimalt town centre, with downtown Victoria only 10 minutes away. The existing 4-bedroom, 2-bathroom home includes a partially completed in-law suite, ideal for extended family living or generating rental income. Inside, the home provides a functional layout with plenty of natural light, while outside, the huge 11,000 sq ft lot offers room to grow, play, and plan for the **future redevelopment potential!** This oversized lot is well-positioned for redevelopment under Esquimalt’s new zoning regulations and Official Community Plan (OCP), which encourages a mix of housing forms including **duplexes, townhomes, and low-rise multi-family developments** (subject to municipal approvals). Buyers have the option to enjoy a spacious family home today, generate income, or hold for future densification. A rare combination of space, income potential, and long-term value in one of Esquimalt’s most desirable areas. Call your agent for more information or to view!