Situated in a prime location in Saanich, just off Richmond Rd, this 13,542 Sq/ft development site presents a remarkable opportunity. Positioned strategically within the ambit of newly introduced guidelines aimed at enhancing density, this site boasts the potential for up to 6 town homes, making it an enticing prospect for developers and investors alike. Currently, the site hosts a tenanted property, adding immediate revenue. The month-to-month rental arrangement offers flexibility and serves as an additional asset in the investment equation. Situated in proximity to Camosun College and the University of Victoria, the site holds significant appeal for those seeking accommodation close to educational institutions. Moreover, its strategic location ensures easy access to a plethora of amenities, all within a convenient 5-minute drive. This development site encapsulates the essence of a compelling investment opportunity.