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550 Phelps Ave, Langford
2026-04-02
Quick Summary
- Location
- 550 Phelps Ave, Langford, British Columbia V9B3H7
- Price
- $1,050,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 2475 sqft
- Bedrooms:
- 5
- Bathrooms:
- 3
- Year of Construction:
- 1969
MLS®#1026612
Property Description
Welcome to 550 Phelps Avenue, a versatile income property in Thetis Heights offering strong revenue potential and flexible living options. This well-maintained home is set up with a 3-bedroom suite upstairs, a 2-bedroom plus office on the lower level, and additional studio-style space with kitchenette, providing flexibility depending on your needs. Each living area includes in-suite laundry and its own heat pump for individual climate control, a highly desirable setup for tenant comfort and long-term retention. The upper suite offers open living with a spacious kitchen and island, generous room sizes, and access to its own deck and the backyard. Entry is via a spiral staircase, creating clear separation between the upper and lower living spaces. The lower level opens to a large patio and a wired gazebo with fan, creating a functional outdoor area for everyday use or entertaining. The yard is large, flat, and fully fenced, with a dog kennel and a large shed that works well as a hobby space or additional storage. 200 amp electrical service supports the home, and gated access provides ample parking for boats, RVs, trailers, work vehicles, and additional storage needs. Located within walking distance to Thetis Lake Regional Park and offering easy access to Hwy 1, shopping, schools, parks, and transit routes, this is a well-positioned property in a consistently in-demand area. The layout, separation between living areas, and independent systems support strong rental appeal, making this a practical option for investors seeking stable income and long-term value in a well-connected neighbourhood. (id:32467)
Property Features
Building
- Appliances: Dishwasher, Microwave, Refrigerator, Stove, Washer, Dryer
- Cooling Type: Air Conditioned
- Fireplace: Yes
- Interior Size: 2475 sqft
- Building Type: House
Land
- Land Size: 8712 sqft
Ownership
- Type: Freehold
Structure
- Structure: Patio(s)
Information entered by Pemberton Holmes Ltd. - Oak Bay
Listing information last updated on: 2026-04-02 20:30:09
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
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.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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