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Explore the potential of this mixed residential development site in the picturesque View Royal! Encompassing 14,810 sq/ft, this property boasts a two-level home with recent updates. Positioned in a dynamic, growing area amidst new condominium constructions and nestled between a modern townhouse development and an older one, this site holds promise. The existing dwelling serves as an excellent investment, featuring two levels that cater to both rental income and potential owner occupancy. Conceptual plans are available for a 4-story apartment or a 10-townhouse development, adding versatility to the property. Currently, the home is a lucrative holding asset, generating $3,300/month in rental income. Situated in a highly walkable location, the property is just steps away from the 4 Mile Pub, parks, the galloping goose, schools, and the ocean. Whether you're heading to Vic General, CFB Esquimalt, or shopping destinations. Recent upgrades gas heating, foundation waterproofing, electrical. (id:24212)
Full Address:
229 Island Highway, View Royal, British Columbia
Price:
$ 1,350,000
MLS Number:
975747
List Date:
September 11th, 2024
Neighbourhood:
View Royal
Lot Size:
14810 ac
Year Built:
1937
Taxes:
$ 3,207
Ownership Type:
Freehold

Property Specifications

Bedrooms:
2
Bathrooms:
1
Appliances:
Washer, Refrigerator, Stove, Dryer
Air Conditioning:
None
Heating:
Natural gas
Fireplaces:
1

Interior Features

Architectural Style:
Character
Zoning:
Multi-Family
Garage Spaces:
4

Building Features

Finished Area:
1888 sq.ft.
Main Floor:
944 sq.ft.
Rooms:
Main level
Storage
12 x 18 feet
Storage
7 x 12 feet
Bedroom
11 x 12 feet
Bedroom
11 x 12 feet
Kitchen
11 x 12 feet
Living room
12 x 16 feet
Entrance
6 x 7 feet

Floors

Lot Size:
14810 ac
Lot Features:
Central location, Level lot, Partially cleared, Other, Rectangular

Land

Neighbourhood Features

Ratings

Commercial Info

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Neighbourhood Details

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

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