Set on coveted Robertson Street, this rare waterfront gem offers spectacular views and exceptional re-development potential. Under the new Victoria OCP adopted Oct 2, 2025, the approx. 8,000 sq.ft. lot with 59 ft frontage supports a potential 1.6:1 FSR and up to 4 storeys (buyer responsibiltiy to verify)—an incredible opportunity to create a modern waterfront statement development or custom home. Built in 1922, the existing residence enjoys sweeping ocean views and breathtaking sunrises over Gonzales Bay and Trial Island from every level—even the backyard. A number of permitted updates, it remains livable yet invites your vision—whether restoring its historic charm or designing anew to fully embrace the panoramic setting. Just steps to sandy beaches, local shops, and minutes from downtown, this is a rare chance to craft the oceanfront residence you’ve always imagined. A special property, ready for its next chapter. Listing is primarily land value!