Priced well under assessed value! Located on a quiet tree lined street in one of Victoria's most desirable neighbourhoods is this classic 2/3 bedroom rancher bordering Oak Bay and only steps to Oak Bay village. This charming home embodies timeless character which is evident throughout with the wood burning fireplace (with built in shelving), accent box windows, french doors, coved ceilings, hardwood flooring and more. For more modern comfort, enjoy an updated kitchen with a built in desk area, vinyl windows and a brand new furnace. Two good sized bedrooms as well as a large detached, nicely finished and insulated loft style studio with vaulted ceiling offering that extra space for guests, artists studio or home office. Beautiful and private spacious rear garden is a gardener's delight! Single car garage and large laundry room are bonuses. This Fairfield East neighbourhood is coveted to families and retirees alike and at this price, is a gem in todays market. Only steps to several beaches, great schools and all amenities.