$1,570,000

Investment For Sale In Fernwood, Victoria, British Columbia

$1,570,000

Property Information:

OPOEN HOUSE May 18th SAT 12-2pm Explore 4-plex property situated in the heart of Fernwood. Whether you’re an investor seeking a profitable venture or a homeowner looking for a comfortable home, this property offers a range of possibilities. You can choose to occupy one of the units and generate income from the others. For those desiring more space, consider merging 2 of the units with an existing staircase. Bonus: The seller is willing to open up the staircase to create a 3bd 2ba contained living space, with 2 individual mortgage helpers still intact. Features original fir floors, classic claw foot tubs, and beautiful stained glass windows. A detached garage and a basement providing extra storage space. Sun-soaked south-facing backyard, and a private gate granting direct access to Stadacona Park. Recent upgrades and regular maintenance inside and out, ensuring a well-kept and hassle-free investment. Development potential to be turned into 6 plex (buyer to do their due diligence)

Property Features:

  • Bedrooms: 3
  • Bathrooms: 4
  • Annual Tax Amount: $4,776
  • Appliances: F/S/W/D
  • Architectural Style: Character, Conversion
  • Basement: Crawl Space, Partial, Unfinished
  • Building Features: Basement, Transit Nearby
  • Built in: 1909
  • Construction Materials: Wood
  • Cooling: None
  • Exterior Features: Balcony/Deck, Fencing: Partial, Garden
  • Floor Space (approx): 3978 Square Feet
  • Flooring: Carpet, Linoleum, Softwood, Tile
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric, Forced Air, Oil
  • Interior Features: French Doors
  • Laundry Features: Common Area
  • Lot Features: Park Setting
  • Lot Frontage: 5500 Square Feet
  • Lot Size: 5500.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Driveway, Garage, On Street
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type: Quadruplex
  • Rent Includes: Hot Water
  • Roof: Fibreglass Shingle
  • View: Mountain(s)
  • Water Source: Municipal
  • Zoning: R1-B
  • Zoning Description: Residential
  • Sewer:
  • No. of Parking Spaces: 1

Rooms:

  • Bathroom 2nd Level
  • Living 2nd Level 4.65 m x 3.76 m
  • Laundry Other level :Lower 3.71 m x 1.83 m
  • Bedroom 2nd Level 3.35 m x 3.63 m
  • Other Main Level 4.67 m x 2.18 m Note: Deck
  • Other Main Level 4.57 m x 7.62 m Note: Garage
  • Bedroom 2nd Level 3.71 m x 3.25 m
  • Kitchen Main Level 4.85 m x 3.45 m
  • Other Main Level 2.18 m x 2.34 m Note: Kitchen-Additional
  • Walk-in Closet Main Level 2.01 m x 1.65 m

Courtesy of: Pemberton Holmes - Westshore

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.