Area: British Columbia
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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:44056)

Property Details

Full Address:
1618 Richardson St, Victoria, British Columbia
Price:
$ 1,349,900
MLS Number:
1047844
List Date:
August 26th, 2026
Neighbourhood:
Rockland
Lot Size:
11464 sq.ft.
Year Built:
1956
Taxes:
$ 7,935

Interior Features

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

Building Features

Architectural Style:
Character
Zoning:
Residential
Garage Spaces:
2
Ownership Type:
Freehold
Taxes:
$ 7,935

Floors

Finished Area:
2296 sq.ft.

Land

View:
City view
Lot Size:
11464 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Marko Juras Fair Realty
 250-380-8297
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Listing Agent(s)

Listing: Marko Juras
Fair Realty
Co-Listing: Rulon Schmidt
Fair Realty

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