Priced below assessed value, this is a rare opportunity to secure a one-third-acre riverfront property in the heart of picturesque View Royal. Set on a sunny, south-facing lot overlooking Craigflower Creek, the property offers exceptional privacy with peaceful water views. Ideally located just minutes from major transit routes along Helmcken Road and the Island Highway, you’ll also enjoy easy walking access to the E&N Rail Trail, View Royal Park (with off-leash dog area), Thetis Lake Regional Park, and Victoria General Hospital. With development potential that includes the opportunity to build a 4 units, subdivide, or create a single-family home with a suite and/or garden suite (buyer to verify options with city) the possibilities here are substantial. Two existing driveways further enhance flexibility in design and layout. An outstanding opportunity for builders, investors, or those looking to create a custom home in a sought-after community.