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 $3,500/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.

General Info:

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.87.7 m2

Listing General Location:: VR View Royal, View Royal

Bedrooms:: 2

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

Lot Size:: 14,810.102 sq. ft.1,375.904 m2

Kitchens:: 1

Home Style:: Character

Taxes:: Signup

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

Ceiling Heights:: Signup

Floor finish:: Wood

Total Building Area:: 1,888 sq. ft.175.401 m2

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

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.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

More Info Available:

Pending Date:: Signup

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

Room Information:

Floor
Type
Size
Other

Main Floor

Lower Level

Bathrooms:

Floor
Ensuite
Pieces
Other

Main Floor

Financial Info:

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

Legal Info:

Jurisdiction name:: Town of View Royal (SD61)

Legal Description:: Signup

Accessibility:: Primary Bedroom on Main

Other Details:

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

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