Welcome developers, builders, and families to this one-of-a-kind property in South Oak Bay. Must be purchased with Lot 1 Sylvan providing a combined lot size of nearly an acre. Cherished for over 40 years and sits on a quiet side street, offering endless possibilities. Built in 1922, this 4,000 sq. ft. home features generous rooms, a spacious family and dining area, a sunroom, and wide hallways. Upstairs, a bedroom with a study could serve as a private retreat, while the lower level offers another bedroom, full bath, and ample storage. With solid bones and a timeless layout, this home is ready for your vision, whether restoring its original charm or creating something new. Located near Gonzales Beach, parks, and top schools, this historic gem is a rare find in a prestigious neighborhood.