229 Island Hwy | $1,350,000
Cheryl Nelson Agent Photo
Cheryl
Nelson
C. (250) 885-6170
P. (250) 590-8124
Phone Cheryl cherylnelson.ca
Pemberton Holmes - Oak Bay
2000 Oak Bay Ave
Victoria, BC
Canada V8R 1E4

Details

%
Years (35 year max)
Years



Address 229 Island Hwy
AreaView Royal
Sub AreaView Royal
State/ProvinceBritish Columbia
CountryCanada
Price$1,350,000
Property TypeLand
Lot Size14810.00 Square Feet
WaterfrontNo
Year Built1937
Taxes $3,206
Tax Year2023
MLS® #975746

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.


Pemberton Holmes Ltd. has been in business serving the Vancouver Island area since 1887 helping people with their Real Estate needs. Much of Vancouver Island is now serviced with Homes For Sale in areas such as Victoria, Sidney, Saanich, Esquimalt, Colwood, View Royal, Oak Bay, Cordova Bay, Brentwood Bay, Saanichton, Langford, Metchosin, West Shore, Sooke, Mill Bay, Cobble Hill, Cowichan Bay, Shawnigan Lake, Duncan, Cowichan Valley, Chemainus, Crofton, Ladysmith, Lake Cowichan, Salt Spring Island, Nanaimo, Parksville, Courtenay, Comox, Bowser as well as Hornby Island.


Listed by FAIR REALTY


NOTE: MLS® property information is provided under copyright © by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.

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About

YOUR TRUSTED VICTORIA REAL ESTATE PROFESSIONAL

Are you shopping for your first home? Dreaming of a cottage where you can get away from it all? Seeking a safe home for your college-bound kids? Hunting for an investment property to build out your retirement portfolio?  

Or maybe you are looking to sell and head off on a new adventure and want to know you have an agent who goes over and above to make your journey as stress-free as possible, while maximizing your sale price!

Born and raised on this incredible west coast, I remain in endless awe of this spectacular place we call home, and would be delighted to help you find that perfect-for-you place that makes your eyes sparkle, and your heart sing.

I am committed to listening to my clients, focusing on their needs and using my keen negotiating skills to ensure a successful transaction. My intimate knowledge of the Victoria area, coupled with my extensive life-experience across Vancouver Island, give me both the enthusiasm and desire to make my home, your home.