229 Island Hwy
View Royal
V9B 1G3
$1,350,000
Residential
beds: 2
baths: 1.0
944 sq. ft.
built: 1937
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 975747
- Bedrooms:
- 2
- Bathrooms:
- 1
- Year Built:
- 1937
- Photos (6)
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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.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1937 (Age: 87)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 944 sq. ft.
- Listing General Location:
- VR View Royal, View Royal
- Bedrooms:
- 2
- Bathrooms:
- 1.0 (Full:-/Half:-)
- Lot Size:
- 14,810 sq. ft.
- Kitchens:
- 1
- Home Style:
- Character
- Taxes:
- Signup
- Building Features:
- Transit Nearby
- Construction:
- Stucco
- New Construction:
- No
- Basement:
- Unfinished, Walk-Out Access, With Windows
- Foundation:
- Other
- Roof:
- Asphalt Shingle
- Other Structures:
- Storage Shed
- Ceiling Heights:
- Signup
- Floor finish:
- Wood
- Total Building Area:
- 1,888 sq. ft.
- Total Unfinished Area:
- 944 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 2
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 944 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Living Room
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Natural Gas
- Fireplace:
- Yes
- Warranty:
- No
- Pending Date:
- Signup
- F/S/W/D
- Dining/Living Combo, Soaker Tub
- Fenced
- 30 second walk from 4 Mile Pub, same side up the hill.
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- Town of View Royal (SD61)
- Legal Description:
- Signup
- Accessibility:
- Primary Bedroom on Main
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Land Value Only, Resale
- Exposure / Faces:
- Northeast
- Layout:
- Main Level Entry with Lower Level(s)
- Lot Site Features:
- Central Location, Cleared, Easy Access, Level, Near Golf Course, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Additional Parking, RV Access/Parking, Other
- Total Parking Spaces:
- 4
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Sep 09, 2024
- Original Price:
- 1350000.0
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Conceptual drawing of potential future density on this lot. -
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Listed by Fair Realty
Data was last updated December 21, 2024 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 54
- Avg list price:
- $569,900
- Min list price:
- $259,900
- Max list price:
- $2,249,900
- Avg days on market:
- 192
- Min days on market:
- 1
- Max days on market:
- 1,347
- Avg price per sq.ft.:
- $810.34
These statistics are generated based on the current listing's property type
and located in
VR View Royal. Average values are
derived using median calculations.
- DAN SILBURN
- RE/MAX CAMOSUN WESTSHORE
- 250-885-6726
- Contact by Email
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