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:4069)
Address
229 Island Hwy
List Price
$1,350,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Character
Area
British Columbia
Sub-Area
View Royal
Bedrooms
2
Bathrooms
1
Floor Area
1,888 Sq. Ft.
Lot Size
14810 Sq. Ft.
Year Built
1937
MLS® Number
975747
Listing Brokerage
Fair Realty
Postal Code
V9B1G3
Features
Central location, Level lot, Partially cleared, Other, Rectangular
With 15 years of real estate experience, Chris Crump, PREC, is a consistent high performer known for unwavering ethics and exceeding expectations. As a trusted advisor, Chris delivers unparalleled customer service. Chris enjoys skiing, biking, and fishing, reflecting a well-rounded lifestyle resonating with clients. With a commitment to guiding clients toward their real estate goals, Chris stands as a beacon of reliability, setting the standard for exceptional service.