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Katharina Lenz

katharina@lenz-homes.ca +1(506) 269-3975

$ 1,349,900

Est. payment | -/mo

5 Beds

2 Baths

2,296 SqFt

Save

$ 1,349,900

Est. payment | -/mo

Save

5 Beds

2 Baths

2,296 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2296

Square Footage 2,296 sqft

Price per Sqft $587

Subdivision Rockland

MLS® Listing ID 1047844

Style Character

Bedrooms 5

Year Built 1956

Lot Size 0.263 Acres

Acres 11464.0

Property Sub-Type Freehold

Property Description

Investors and Developers Alert! Exceptional holding property with immediate revenue or prime development potential under Missing Middle on a rare 70-foot-wide frontage lot on the Rockland/Fairfield border. This versatile 5-bed, 2-bath home is ideal as a high-yield investment or flexible multi-generational property. Live upstairs while using the lower level as a mortgage helper. Enjoy a stunning, park-like backyard offering a peaceful outdoor oasis. Alternatively, take advantage of steady rental income while finalizing development plans for this expansive parcel. Currently tenanted, generating $4,900 per month. The adjacent property at 1622 Richardson is also available. Together, the two properties offer approximately 145 feet of combined frontage and 23,584 sq.ft. of land. Situated in a prime central location minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for holding, land assembly, or future development. (id:24570)

Location

Province BC

Zoning Residential

Rooms

Kitchen 2.0

Extra Room 1 Lower level 15' x 12' Bedroom

Extra Room 2 Lower level 14' x 11' Bedroom

Extra Room 3 Lower level 11' x 11' Recreation room

Extra Room 4 Lower level 3-Piece Bathroom

Extra Room 5 Main level 11' x 9' Bedroom

Extra Room 6 Main level 10' x 10' Bedroom

Interior

Heating Baseboard heaters, ,

Cooling None

Fireplaces Number 1

Exterior

Parking Features No

View Y/N Yes

View City view

Attached Garage No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Architectural Style Character

Others

Ownership Freehold

Listed by Fair Realty

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(506) 269-3975

katharina@lenz-homes.ca

Learn More About LPT Realty

1618 Richardson St Victoria, BC V8S1R4