Investors & Developers !This property meets the Missing Middle Guidliens for up to a sixplex development and would achieve excellent rental return in the short term or hold as an investment property. There are three rentable suites , with a 2bed 1bath on the main level, a 2 bed 1 bath on the lower plus a 1 bed 1 bath garden suite and there is ample parking . There is potential here to earn $60,000 p/annum in rent . The 6000 sqft lot is currently zoned R2 and the adjoining lot of the same size has a current rezoning and building permit application with the city to redevelop to 4 townhomes.

Home facts and features

Price details

List Price

$999,000

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Gross Taxes for 2022

$4,828

Home facts

Bedrooms

Bathrooms

Property Type

House

Lot Size

5940 ft²

Frontage

44 feet

Year Built

Built in 1946 (77 yrs old)

Title

Freehold

Style

Main Level Entry with Lower Level(s)

Heating Type

Baseboard, Electric

Features

Curb & Gutter, Private, Rectangular Lot

Amenities

Eating Area

Appliances

Dryer, Microwave, Refrigerator, Washer

Community

Fernwood

Agent details

Primary Agent

Ray Murray

Primary Broker

Pemberton Holmes Ltd. - Oak Bay

Listing details

Days on REW

68 Days

Property Views

803

MLS® Number

921060

Source

Victoria and Vancouver Island MLS

Mortgage Calculator

4.69%
/mo
5 Year

REW Money

4.69%
/mo
5 Year

5.09%
/mo
3 Year

REW Money

5.09%
/mo
3 Year

5.69%
/mo
2 Year

REW Money

5.69%
/mo
2 Year

5.89%
/mo
1 Year

REW Money

5.89%
/mo
1 Year

5.89%
/mo
10 Year

REW Money

5.89%
/mo
10 Year

5.80%
/mo
5 Year

REW Money

5.80%
/mo
5 Year

Advertised rates are not guaranteed and the rate provided by any financial institution listed, or any approval or decline you receive, will be based solely on your personal situation. The advertised rates are provided as guidance only and the accuracy of these rates is not guaranteed. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

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