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:51532)
Tags
Property Summary
Property Type
Single Family
Building Type
House
Square Footage
1888 sqft
Title
Freehold
Neighbourhood Name
View Royal
Land Size
14810 sqft
Built in
1937
Building
Bathrooms
Total
2
Interior Features
Appliances Included
Refrigerator, Stove, Washer, Dryer
Building Features
Features
Central location, Level lot, Partially cleared, Other, Rectangular
