Situated in deep South Oak Bay, this 1950 dutch-colonial home exudes charm and sits on a gorgeous 12,600 square foot waterfront lot. Located across the road from Victoria Golf Course (One of Canadas top rated golf courses) and down the road from the Oak Bay Beach Hotel as well as Oak Bay Avenue, the picturesque and unobstructed ocean and mountain views are captivating and the location cannot be beat. This home offers a variety of options for various buyers; Renovate the current traditional home, live in the home while planning the build of your dream home, or design your ideal home now. Opportunities like this on the sought-after stretch of South Oak Bay waterfront rarely come up. Neighbouring homes have sold for over $8,000,000 which offers undeniable confidence in this location and allows you the comfort to renovate or replace the current home. With walking, cycling, golfing and stand-up paddle boarding all available options outside your door, this home will not be on the market for long.