229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747

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.

General Info:

Property Type:: Residential

Type:: Single Family Residence

Year built:: 1937 (Age: 88)

Living Area:: 944 sq. ft.87.7 m2

Listing General Location:: VR View Royal, View Royal

Bedrooms:: 2

Bathrooms:: 1.0 (Full:-/Half:-)

Lot Size:: 14,810 sq. ft.1,376 m2

Kitchens:: 1

Home Style:: Character

Additional Info:

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

Floor finish:: Wood

Total Building Area:: 1,888 sq. ft.175 m2

Total Unfinished Area:: 944 sq. ft.87.7 m2

# 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.0 m2

Living Area Main Floor:: 944 sq. ft.87.7 m2

Living Area Other Floor:: 0 sq. ft.0 m2

Living Area 2nd Floor:: 0 sq. ft.0 m2

Living Area 3rd Floor:: 0 sq. ft.0 m2

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

Appliances Included:

F/S/W/D

Interior Features:

Dining/Living Combo, Soaker Tub

Exterior Features:

Fenced

Directions:

30 second walk from 4 Mile Pub, same side up the hill.

Entry Location:

Main Level

Minimum Age:

BBQ Allowed:

Yes

Smoking Bylaw:

Rent Allowed:

Unrestricted

Legal Info:

Jurisdiction name:: Town of View Royal (SD61)

Accessibility:: Primary Bedroom on Main

Other Details:

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

Land Info:

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