Welcome to this unique opportunity in the sought-after Swan Lake neighbourhood. This spacious 60’ x 146’ (8,760 sf) lot hosts a charming 1940’s home, lovingly maintained by the same family for nearly 70 years and now awaiting your creative touch. The main upper level features 2 bedrooms and 1 bathroom. There is hardwood flooring (condition unknown) beneath the existing carpet. The kitchen overlooks the rear yard and a massive private sundeck, perfect for entertaining. The lower level, with a 6'8" basement height and a separate entrance, includes 1 bedroom and 1 half bath, offering easy conversion to add’l accommodation if desired. The property boasts ample parking, including a large enclosed carport/garage/workshop under the sundeck, and a separate detached garage ideal for storage, and plenty of off-street parking with additional space at the front of the property. Buyers should consult the municipality of Saanich to explore new development guidelines that may allow increased density.