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$1,350,000
229 Island Hwy
View Royal, British Columbia, British Columbia, V9B1G3
MLS® Number: 975747
Property description
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.
Building information
Type
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Appliances
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Architectural Style
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Constructed Date
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Cooling Type
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Fireplace Present
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FireplaceTotal
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Heating Fuel
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Size Interior
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Total Finished Area
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Land information
Access Type
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Size Irregular
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Size Total
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Rooms
Main level
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Living room
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Kitchen
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Bedroom
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Bedroom
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Bathroom
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Storage
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Storage
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Courtesy of Fair Realty
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