There are few locations like Gonzales Hill in Oak Bay. Up on top of Denison Street there are a handful of properties with southwest exposure to the ocean and the city. Steps away from Obersrvatory Hill, Walbran Park and Gonzales Hill Regional Park, 220 Denison offers a 12,300 sq ft - 100 ft wide by 123 ft deep - southwest backing freehold, not bare land strata, property that could be either a dramatic building lot or a significant renovation/rebuild of the existing 1939 4 bedroom 2 bathroom home. RS4 zoning with .4 floor area ratio allows for flexibility in adding on to existing or building new as well as the width of lot allowing for the highest allowable building height in the residential zone, so add up or build up. rarely available, this may be the opportunity for which you've been waiting!
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