Oak Bay bungalow with adjacent garage, and access off both Florence Street and back laneway plus legal non-conforming two-bedroom, one-bathroom cottage! Situated in an excellent location, the property is just a short walk to schools, recreation centre, shopping, hospital, parks, bus routes and all other amenities. Zoned R-5, the home offers two bedrooms, four-piece bathroom, living room with fireplace, dining area, kitchen and plenty of storage in the basement. Lots of potential with the 50' x 120' lot, providing great opportunity for investors, re-development, first time buyers looking for an affordable home they can refurbish, or those wanting a private, flat lot on which to build their new Oak Bay home. The flat and fully useable yard enjoys a sunny western exposure, with mature trees and hedges, and room for vegetable gardens. This is a great opportunity to get into a fantastic and quiet Oak Bay neighbourhood. Sellers have paid for the sewer upgrade project, slated to be completed by June.