229 Island Hwy, View Royal

2024-09-11
 

Quick Summary

Location
229 Island Hwy, View Royal, British Columbia V9B1G3
Price
$1,350,000 CAD
Status:
For Sale
Property Type:
Vacant Land
Year of Construction:
1937

MLS®#975746

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 $3,500/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:32467)

Property Features

Building

  • Fireplace: No

Land

  • Land Size: 14810 sqft

Ownership

  • Type: Freehold

Information entered by Fair Realty
Listing information last updated on: 2024-09-11 21:28:26


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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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Valentino ‎ Prundaru REALTOR®, Licensed Real Estate Agent

Phone:
(250) 686-2242
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Support Area:
Victoria, Saanich, Oak Bay, Esquimalt, Langford, Colwood, Central Saanich, North Saanich, Sidney, View Royal, Metchosin, Highlands, Sooke, Downtown Victoria, Gordon Head, Saanich East, Saanich West, James Bay, Fairfield

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Sam Hong REALTOR®

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(250) 891-5060
Email:
topedge6@gmail.com
Skype:
topedge6
Support Area:
The Great Victoria Region, Sooke, Sidney, View Royal, Saanich, West Coast, Langford, Colwood

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raykong2020@gmail.com
Support Area:
Victoria, Sidney, Sooke, Langford, Colwood, Saanish east, Saanich West, View royal, Metchosin, Saanich Peninsula

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