229 Island Hwy, View Royal, British Columbia V9B 1G3

Listed for:
$1,350,000
2 beds
1 baths
Listed 91 days ago
House for rent: 229 Island Hwy, View Royal, British Columbia V9B 1G3

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Listing provided by:
Fair Realty
MLS® number:
952903
Agent:
Marko Juras
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About

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:27476)

Property Highlights

Type
House
Cooling type
None
Heating fuel
Natural gas
Fireplace
Yes
Construction material
Parking space
4
Ownership Type
Freehold
Amenities nearby

Location

Summary

This property is a Freehold ownership type, offering a total of 8 parking spaces. It is a MIXED RESIDENTIAL POTENTIAL DEVELOPMENT SITE located in the beautiful area of View Royal. The 14,810 sq/ft lot currently features a two-level home and is situated in a vibrant developing area, surrounded by new condo construction and a mix of new and older townhouse developments.

The existing home on the property serves as a great holding property, with 2 levels that make it suitable for rental or potential owner occupancy. Conceptual plans are available for a 4-story apartment or a 10-townhouse development, making it a fantastic holding property with great potential for future development.

Conveniently located in a walkable area, this property is just steps away from the 4 Mile Pub, parks, the galloping goose, schools, and the ocean. It is also a short bike or drive to Vic General or CFB Esquimalt, as well as a variety of shopping options.

This property, with a land size of 14,810 sqft, is currently for sale and is located at 229 Island Hwy in the city of View Royal, British Columbia. The postal code for this property is V9B1G3. It features 1 bathroom, 2 bedrooms, and a fireplace, with heating fuel provided by electric. The property type is a House.

Street Spotlight - For sale