1618 Richardson St
Victoria, British Columbia
MLS® 1047844
$1,349,900
- Status
- Active
- Property type
- House
- MLS® number
- 1047844
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1956
1 / 9Listing description
Investors and Developers Alert! Exceptional holding property with immediate revenue or prime development potential under missing middle on a rare 70-foot wide frontage lot on the Rockland/Fairfield boarder. This versatile 5-bed, 2-bath home features a layout perfect as a high-yield investment or a flexible multi-generational property.
Live comfortably upstairs while using the lower level as a powerful mortgage helper. Step outside to enjoy a stunning, park-like backyard that offers a peaceful outdoor oasis. Alternatively, take advantage of the steady rental stream while you finalize design concepts and development plans for this expansive parcel.
The property is currently tenanted, generating immediate cash flow of $4,900 per month. Situated in a prime, central location just minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for long-term holding or future development.
Property summary
- MLS® number
- 1047844
- Property type
- Single Family
- Building type
- House
- Square footage
- 2,296 sq ft
- Title
- Freehold
- Land size
- 11449 square feet
- Built in
- 1956
- Annual property taxes
- $7,935.20
- Parking
- 2 spaces · Stall
- Days on market
- 1 day
Features & details
- Heating
- Baseboard heaters, Electric, Wood
- Cooling
- None
- Appliances
- Washer, Refrigerator, Range - Electric, Dryer
- Lot features
- Level lot, Partially cleared, Other
- View
- City view
- Architectural style
- Character
What would this home cost you?
Based on the $1,349,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Fair Realty, Victoria.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.