229 Island Hwy, View Royal, BC

$1,350,000

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2

Beds

1

Bath

944

Square feet

0.34

Acres

About 229 Island Hwy

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.

Features of 229 Island Hwy

MLS® # 952903
Price $1,350,000
Bedrooms 2
Bathrooms 1.00
Square Footage 944
Acres 0.34
Year Built 1937
Type Residential
Sub-Type Single Family Detached
Style Character
Status Active

Community Information

Address 229 Island Hwy
Area VR View Royal
City View Royal
County Capital Regional District
Province BC
Postal Code V9B 1G3

Amenities

Parking Spaces 4
Parking Additional, Other, RV Access/Parking
Is Waterfront No
Has Pool No

Interior

Interior Features Dining/Living Combo, Soaker Tub
Appliances F/S/W/D
Heating Natural Gas
Cooling None
Fireplace Yes
# of Fireplaces 1
Fireplaces Living Room

Exterior

Exterior Features Fenced
Roof Asphalt Shingle
Construction Stucco
Foundation Other

Additional Information

Days on Market 169

Listing Details

OfficeFair Realty

Listing Map

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.