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
Listing Contract Date
2024-09-09
Municipal ID
000-634-824
Ownership Type
Freehold
Plan
VIP3738
Property Type
Vacant Land
Transaction Type
For sale
Zoning
Unknown
Building
Constructed Date
1937
Heating Type
Forced air
Size (Exterior)
944 square feet
Land
Total Size
14810 square feet
Size of Irregular Land
14810
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