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229 Island Hwy View Royal, British Columbia V9B 1G3

Forced Air

$1,350,000

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:46227)

Property Details

MLS® Number 975746
Property Type Vacant Land
Neigbourhood View Royal
Plan Vip3738

Building

Constructed Date 1937
Heating Type Forced Air
Size Exterior 944 Sqft

Land

Acreage No
Size Irregular 14810
Size Total 14810 Sqft
Size Total Text 14810 Sqft
Zoning Type Unknown

https://www.realtor.ca/real-estate/27397319/229-island-hwy-view-royal-view-royal

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September 11 2024 09:28:26

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