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Exceptional opportunity for homeowners, investors, and developers alike! Situated on a generous 65' x 106' lot in a prime central Victoria location, this property offers exciting redevelopment potential. Whether you're looking to explore future multi-unit development, hold as a long-term investment, or move into a home with excellent mortgage helper income, this property offers outstanding flexibility. The well-maintained home features a bright upper level plus a self-contained two-bedroom basement suite currently generating $2,000/month in rental income. It's an ideal setup for first-time buyers seeking additional income, investors looking for strong cash flow, or those planning for future redevelopment. Conveniently located just minutes from downtown Victoria, Hillside Shopping Centre, Camosun College, Cedar Hill Golf Course, parks, schools, transit, and a wide variety of everyday amenities. Properties offering this combination of redevelopment potential, rental income, and a sought-after location are increasingly rare. Don't miss this exceptional opportunity! (id:24212)
Full Address:
2857 Shelbourne Street, Victoria, British Columbia
Price:
$ 988,000
MLS Number:
1043630
List Date:
July 19th, 2026
Neighbourhood:
Oaklands
Lot Size:
6890 ac
Year Built:
1929
Taxes:
$ 4,628
Ownership Type:
Freehold

Property Specifications

Bedrooms:
4
Bathrooms:
2
Air Conditioning:
None
Heating:
Baseboard heaters, Electric

Interior Features

Zoning:
Residential
Garage Spaces:
1

Building Features

Finished Area:
1297 sq.ft.
Rooms:
Other
Laundry room
7 x 8 feet
Lower level
Bedroom
10 x 11 feet
Bedroom
11 x 12 feet
Main level
Bedroom
9 x 9 feet
Bedroom
9 x 9 feet
Lower level
Kitchen
10 x 18 feet
Main level
Dining room
11 x 11 feet
Kitchen
8 x 9 feet
Living room
12 x 12 feet

Floors

Lot Size:
6890 ac
Lot Features:
Rectangular

Land

Neighbourhood Features

Ratings

Commercial Info

Location

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Neighbourhood Details

Agent: Tony WangBrokerage: Team 3000 Realty Ltd Phone: 250-580-8669

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