This charming 4-bedroom, 2-bathroom character home is nestled on a rare 14,000 SF park-like lot in the heart of Cadboro Bay—one of the last original lots in the area and held by a single owner since built in 1965. Lovingly maintained, inside, you'll find beautiful oak hardwood floors, a functional layout, and a separate-entry bachelor suite. The spacious, partially finished basement includes a workshop, pantry area, and room to build a recreation or media space. Surrounded by mature landscaping, including cherry blossoms, fruit trees, and rhododendrons, the property is just steps to Gyro Park, near UVic and Cadboro Bay Village, and minutes to downtown and shopping. Easy access to the Cadboro Bay Beach across the street. Offering exceptional development potential—subdivide for two duplexes or build a 4-plex (buyer to verify with municipality)—this is a rare chance to invest, redevelop, or enjoy peaceful living in a sought-after neighbourhood.