229 Island Hwy Active

View Royal,BC V9B1G3

$ 1350000

2 Beds

1 Bath

1888 SqFt


Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,888 sqft

Price per Sqft $715

Subdivision View Royal

MLS Listing ID 975747

Style Character

Bedrooms 2

Year Built 1937

Lot Size 0.340 Acres

Property Sub-Type Freehold

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. (id:24570)

Location

Province BC

Zoning Multi-Family

Rooms

Kitchen 1.0

Interior

Cooling None

Fireplaces Number 1

Exterior

Parking Features No

View Y/N No

View More
Favorite Go Tour