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:47423)
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Detailed Information
Bedrooms
2
Bathrooms
1
Total Area
1,888 ft2
Features
Central location, Level lot, Partially cleared, Other, Rectangular
Listing Contract Date
2024-02-07
Municipal ID
000-634-824
Ownership Type
Freehold
# of Parking Spaces
4
Plan
VIP3738
Property Type
Single Family
Structures
Shed
Transaction Type
For sale
Zoning
Multi-Family
Building
Appliances
Refrigerator, Stove, Washer, Dryer
Architectural Style
Character
Constructed Date
1937
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
1
Heating Fuel
Natural gas
Total Finished Area
944 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Storage
Main level
18 ft x 12 ft
Storage
Main level
12 ft x 7 ft
Bathroom
Main level
4-Piece
Bedroom
Main level
12 ft x 11 ft
Bedroom
Main level
12 ft x 11 ft
Kitchen
Main level
12 ft x 11 ft
Living room
Main level
16 ft x 12 ft
Entrance
Main level
7 ft x 6 ft
Land
Total Size
14810 square feet
Access Type
Road access
Size of Irregular Land
14810
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