INVESTMENT OPPORTUNITY, LEGAL REVENUE 6-PLEX! This is a rare opportunity to own an ocean view revenue property in Fairfield positioned on an ideal corner lot in one of Victoria’s most desirable neighbourhoods! This legally operating 6-unit character conversion stands proudly along the Dallas Rd waterfront, offering sweeping, unobstructed ocean views and a lifestyle setting that is second to none. Step outside to the waterfront pathway, explore Beacon Hill Park, or enjoy the cafés and shops of Cook St Village—all just minutes from the front door. BCAssessment recognizes the building as Multi-Family–Conversion, ensuring peace of mind that the 6-plex configuration is firmly established despite the underlying R1-B zoning. Spanning nearly 5,000 sqft of finished living space across 4 levels, the property sits on a 5,459 square foot lot and includes a detached garage and workshop. The efficient unit mix offers five bright and well-proportioned one-bedroom, one-bath suites (451–569 sq ft) alongside a standout 2-bedroom, 2-bath residence with a total of 1,487 sq ft of living space. This exceptional unit spans 2 levels and showcases unobstructed views of the ocean and mountains from its main floor, a fireplace & rare addition of a connected in-law suite below. This flexible configuration makes it ideal for extended family living, owner-occupancy with rental income, or premium tenancy arrangements. Each suite has its own character and privacy, enhanced by the thoughtful distribution across the main, upper, loft, and lower levels. The building’s heritage charm, prime oceanfront orientation, and proven rental demand combine to create a stable, high-performing asset. Located within Development Permit Area 15F–Missing Middle, the property also holds exciting long-term redevelopment potential. For investors seeking the rare blend of current cash flow, capital appreciation, and one of Victoria’s most coveted oceanfront addresses, 1124 Dallas Rd is a truly exceptional opportunity. (id:24212)