Situated on a level 0.31-acre lot eligible for SSMUH (Small-Scale Multi-Unit Housing), this distinctive 1940 four-bedroom rancher offers a rare blend of development potential, timeless character, and everyday livability. Originally built as a display home to showcase innovative radiant ceiling heating promoted by the B.C. Electric Company—predecessor to B.C. Hydro—the home reflects a unique chapter of architectural history. With nearly 2,000 sq. ft. of thoughtfully designed living space, the layout is ideally suited for downsizers or families alike. The home retains its original lathe-and-plaster walls and ceilings, all in excellent condition, preserving its authentic charm. Tasteful upgrades include a renovated kitchen with Corian countertops and three beautifully updated bathrooms, two featuring heated tile floors, with granite finishes in two of the baths. Modern infrastructure improvements include 200-amp electrical service and a 10-zone underground irrigation system. Outdoors, the private backyard oasis is truly a standout—lush, mature landscaping creates a serene setting, complemented by a covered deck that overlooks the tranquil, fully enclosed yard, perfect for relaxing or entertaining. The Mount Tolmie location is exceptional with the park walking trails at your doorstep; just a 7-minute walk to SMUS, 10 minutes to Camosun College (Lansdowne Campus), and 20 minutes to UVic. Shopping is also very close by - a 5 minute drive to Hillside Mall, Shelbourne Plaza and University Heights (id:60457)