9691 Fifth St Sidney, British Columbia V8L 2W9

$799,000

Perfectly positioned in Sidney’s Orchard neighbourhood, 9691 Fifth Street is a rare land and redevelopment opportunity in one of the Peninsula’s most walkable seaside communities. For developers and long-term investors, this flat 55 x 100 ft lot with RM5 zoning and a municipally recognized laneway offers an attractive combination of current use, income or holding potential, and future upside. Just steps from Beacon Avenue’s shops, restaurants, cafes, and everyday services, and a short walk to Tulista Park, Roberts Bay, and Sidney’s picturesque beaches and waterfront pathways, this property sits in a highly desirable destination neighbourhood that end-users and tenants actively seek out. This property’s zoning framework and laneway access make it especially appealing for small-scale multi-unit housing concepts, with provincial policy now encouraging multiplex and gentle-density forms in established residential areas. This creates a clear path for future redevelopment into triplex, four-plex, or similar infill formats (subject to municipal approvals), while the underlying land value is supported by strong walkability, coastal lifestyle appeal, and limited supply of comparable infill sites. For buyers looking to secure well-located land in Sidney for a strategic buy-and-hold, land bank, or phased redevelopment, 9691 Fifth Street offers a compelling balance of present-day affordability, zoning flexibility, and long-term growth potential in a tightly held, high-demand market. (id:61048)

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https://www.realtor.ca/real-estate/29631026/9691-fifth-st-sidney-sidney-south-east