Situated on a rare 0.62-acre lot in the prestigious Broadmead area, this property presents exceptional subdivision & development potential. The home is notably exempt from the area's Building Scheme covenant, a significant advantage for future plans. The residence itself is largely gutted & ready for transformation. Its unique courtyard-centered design offers 4 bedrooms plus a den, a bright southern exposure fills the main living spaces with natural light. The expansive main floor provides generous square footage for family living, while the finished lower level offers potential for additional accommodation. Extensive mature landscaping, fully fenced yard, creating privacy & a serene setting. Enjoy sweeping views of the Olympic Mountains, the City of Victoria & the proximity to Broadmead shopping centre, the Commonwealth Pool, Elk Lake & Lochside Trails. An outstanding opportunity for a luxury home or new construction, making this a truly rare offering with remarkable upside potential.