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Investors and Developers Alert! Exceptional holding property with immediate revenue or prime development potential under missing middle on a rare 70-foot wide frontage lot on the Rockland/Fairfield boarder. This versatile 5-bed, 2-bath home features a layout perfect as a high-yield investment or a flexible multi-generational property. Live comfortably upstairs while using the lower level as a powerful mortgage helper. Step outside to enjoy a stunning, park-like backyard that offers a peaceful outdoor oasis. Alternatively, take advantage of the steady rental stream while you finalize design concepts and development plans for this expansive parcel. The property is currently tenanted, generating immediate cash flow of $4,900 per month. Situated in a prime, central location just minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for long-term holding or future development. (id:24212)
Full Address:
1618 Richardson Street, Victoria, British Columbia
Price:
$ 1,349,900
MLS Number:
1047844
List Date:
August 26th, 2026
Neighbourhood:
Rockland
Lot Size:
11449 ac
Year Built:
1956
Taxes:
$ 7,935
Ownership Type:
Freehold

Property Specifications

Bedrooms:
5
Bathrooms:
2
Appliances:
Washer, Refrigerator, Range – Electric, Dryer
Air Conditioning:
None
Heating:
Baseboard heaters, Electric, Wood
Fireplaces:
1

Interior Features

Architectural Style:
Character
Zoning:
Residential
Garage:
Stall
Garage Spaces:
2

Building Features

Finished Area:
2296 sq.ft.
Rooms:
Additional Accommodation
Kitchen
10 x 10 feet

Floors

View:
City view
Lot Size:
11449 ac
Lot Features:
Level lot, Partially cleared, Other

Land

Neighbourhood Features

Ratings

Commercial Info

Location

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Neighbourhood Details

Agent: Marko JurasBrokerage: Fair Realty Phone: 250-380-8297

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