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$ 1,350,000
Est. payment | /mo
0.34 Acres Lot
$ 1,350,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 975746
Rental Info Unrestricted
Year Built 1937
Annual Tax Amount $3,206
Tax Year 2023
Lot Size 0.340 Acres
Acres 0.34
Property Description
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.
Location
Province BC
County Capital Regional District
Area View Royal
Direction 30 second walk from 4 Mile Pub, same side up the hill.
Interior
Heating Forced Air
Flooring Hardwood
Heat Source Forced Air
Exterior
Parking On Site 1
Utilities Available Electricity To Lot
Building
Building Description Wood, Basement
Structure Type Wood
Others
Pets Allowed Yes
Tax ID 000-634-824
Ownership Freehold
Listed by Fair Realty
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