Area: British Columbia
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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 $3,500/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:44056)

Property Details

Full Address:
229 Island Hwy, View Royal, British Columbia
Price:
$ 1,350,000
MLS Number:
952903
List Date:
February 8th, 2024
Lot Size:
14810 sq.ft.
Year Built:
1937
Taxes:
$ 3,207

Interior Features

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

Building Features

Architectural Style:
Character
Zoning:
Multi-Family
Garage Spaces:
4
Ownership Type:
Freehold
Taxes:
$ 3,207

Floors

Finished Area:
1888 sq.ft.
Main Floor:
944 sq.ft.

Land

Lot Size:
14810 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

Marko Juras
Fair Realty

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