About this home
Exceptional Revenue & Development Opportunity in Victoria’s vibrant Jubilee neighbourhood, steps to the Oak Bay border! This rare 65’ x 200’ (13,000 sq ft per BC Assessment) property offers excellent rental income potential, ideally suited to tenants seeking proximity to the hospital, making it an attractive holding property for investors. The existing legal up/down duplex features a 1,600 sq ft main floor (2–3 beds), a self contained 2 bedroom suite, and an additional 1 bedroom suite. Generate rental income today while exploring the significant long term redevelopment potential of this substantial urban lot. Centrally located near the hospital, transit, schools & amenities, with downtown Victoria within walking distance, the property offers exciting possibilities for townhouse, or houseplex development, subject to City approvals. A rare opportunity to combine multiple rental income streams with future development upside in a sought after, central location. *O/H SAT 1:00 - 2:30pm* (id:67468)
Property details
- Property type
- House
- Ownership
- Freehold
- Year built
- 1955
- Living area
- 3,201 sq ft
- Parking spaces
- 2
- Parking
- Attached Garage, Carport
- Heating
- Baseboard heaters, Forced air, Electric, Natural gas, Wood, Other
- Cooling
- None
- Fireplaces
- 1
- Lot size
- 13,000 sq ft
- Zoning
- Residential
- Annual property taxes
- $8,715.72
Room sizes
| Room | Level | Dimensions |
|---|---|---|
| Patio | Lower level | 15' x 24' |
| Bathroom | Additional Accommodation | 9' x 5' |
| Bedroom | Additional Accommodation | 10' x 13' |
| Kitchen | Additional Accommodation | 7' x 6' |
| Living room | Additional Accommodation | 12' x 11' |
| Storage | Lower level | 9' x 12' |
| Utility room | Lower level | 13' x 15' |
| Bedroom | Lower level | 10' x 12' |
| Bathroom | Lower level | 5' x 7' |
| Bedroom | Lower level | 10' x 11' |
| Kitchen | Lower level | 5' x 11' |
| Dining room | Lower level | 7' x 11' |
| Living room | Lower level | 11' x 17' |
| Entrance | Lower level | 5' x 13' |
| Bedroom | Main level | 11' x 12' |
| Bathroom | Main level | 7' x 9' |
| Bedroom | Main level | 11' x 14' |
| Family room | Main level | 18' x 23' |
| Kitchen | Main level | 11' x 14' |
| Dining room | Main level | 12' x 12' |
| Living room | Main level | 15' x 18' |
| Entrance | Main level | 6' x 6' |
| Porch | Main level | 20' x 5' |
