229 Island Hwy, View Royal, BC, V9B 1G3

$1,350,000

MLS® # 952903

House For Sale In View Royal, British Columbia

$1,350,000

  • 2

    Bedrooms

  • 1

    Bath

  • 14810.00 Square Feet

    Lot Size

Property Information:

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.

Property Features:

  • Bedrooms: 2
  • Bathrooms: 1
  • Annual Tax Amount: $3,206
  • Accessibility Features:
  • Appliances: F/S/W/D
  • Architectural Style: Character
  • Basement: Unfinished, Walk-Out Access, With Windows
  • Building Features: Transit Nearby
  • Built in: 1937
  • Construction Materials: Stucco
  • Cooling: None
  • Exterior Features: Fenced
  • Fireplace Features: Living Room
  • Floor Space (approx): 1888 Square Feet
  • Flooring: Wood
  • Foundation Details: Other
  • Heating: Natural Gas
  • Interior Features: Dining/Living Combo, Soaker Tub
  • Laundry Features: In House
  • Lot Features: Central Location, Cleared, Easy Access, Level, Near Golf Course, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk
  • Lot Frontage: 14810 Square Feet
  • Lot Size: 14810.00 Square Feet
  • Other Structures: Storage Shed
  • Ownership: Freehold
  • Parking Features: Additional Parking, RV Access/Parking, Other
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Land Value Only, Resale
  • Property Sub Type: Single Family Detached
  • Road Surface Type: Paved
  • Roof: Asphalt Shingle
  • Water Source: Municipal
  • Zoning Description: Multi-Family
  • Sewer:
  • No. of Parking Spaces: 4

Rooms:

  • Kitchen Main Level 3.66 m x 3.35 m
  • Living Main Level 4.88 m x 3.66 m
  • Bedroom Main Level 3.66 m x 3.35 m
  • Other Main Level 2.13 m x 1.83 m Note: Entrance
  • Other Main Level 3.66 m x 2.13 m Note: Separate Storage
  • Other Main Level 2.74 m x 1.22 m Note: Deck
  • Other Main Level 5.49 m x 3.66 m Note: Separate Storage
  • Other Main Level 2.13 m x 1.22 m Note: Deck
  • Bathroom Main Level
  • Bedroom Main Level 3.66 m x 3.35 m

Courtesy of: Fair Realty

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.

Additional Photos