WATERFRONT LOT on Cadboro Bay. Low-bank, beach-level oceanfront property located in this highly desirable coastal setting. This offering is a LAND ONLY sale and is priced at lot value; construction costs are excluded. The 10,445 sq/ft oceanfront parcel offers unobstructed water views and represents an extensively de-risked low-bank waterfront development opportunity with significant pre-development work completed. Approvals and reports include Saanich Board of Variance approval for an 8.19 m (26.9 ft) height variance, structural engineer recommends to utilize the existing foundation, and Waiting on approved archaeological permit (Site DcRt-9). Flood study, geotechnical and soil engineering reports, and hazardous materials assessment have been completed. New perimeter drainage has been installed. Architectural plans & conceptual renderings by Step One Design are available for reference. Buyer to verify details & approvals to their own satisfaction.