$1,799,999

Investment For Sale In Colwood, British Columbia

$1,799,999

Property Information:

Exceptional Investment Potential in Colwood! This expansive lot, spanning over half an acre, presents an easily sub-dividable opportunity, with potential for a garden suite to be built on each new parcel if subdivided. Currently hosting a non-conforming fourplex, the property offers ample space for an additional build or subdivision, with the existing structure occupying only half of the land. The fourplex consists of two 3-bedroom units and two 2-bedroom units, offering diverse rental options. Each unit features practical amenities such as separate paid laundry facilities and individual meters. Property upgrades include a natural gas hot water tank, a newer furnace, an updated roof, and refreshed decks. Each unit also boasts its own address, and there is plenty of parking available. Located close to Colwood's recently expanded Veterans Memorial Way, this property is within walking distance of Belmont City Centre, Westshore Mall, and public transit.

Property Features:

  • Bedrooms: 10
  • Bathrooms: 4
  • Annual Tax Amount: $5,493
  • Basement: Unfinished, With Windows
  • Built in: 1974
  • Construction Materials: Frame Wood, Insulation: Ceiling, Insulation: Walls, Stucco, Vinyl Siding
  • Cooling: None
  • Exterior Features: Balcony/Patio
  • Fireplace Features: Family Room
  • Floor Space (approx): 4638 Square Feet
  • Flooring: Linoleum
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air, Oil
  • Interior Features: Dining/Living Combo, Storage
  • Laundry Features: In Unit
  • Lot Features: Rectangular Lot, Wooded
  • Lot Frontage: 22215 Square Feet
  • Lot Size: 0.51 Acres
  • Other Structures: Storage Shed
  • Ownership: Freehold
  • Parking Features: Driveway
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Contact List Licensee
  • Property Sub Type: Quadruplex
  • Rent Includes: Electricity
  • Roof: Tar/Gravel
  • Water Source: Municipal
  • Window Features: Aluminum Frames
  • Zoning Description: Residential
  • Sewer:
  • No. of Parking Spaces: 0

Rooms:

  • Living 2nd Level 3.66 m x 3.81 m
  • Dining 2nd Level 4.04 m x 3.96 m
  • Dining Other level :Lower 3.94 m x 3.12 m
  • Kitchen Other level :Lower 3.58 m x 3.05 m
  • Living Other level :Lower 3.94 m x 4.67 m
  • Other Other level :Lower 3.33 m x 3.40 m
  • Other Other level :Lower 3.53 m x 3.91 m Note: Deck
  • Other Other level :Lower 3.53 m x 3.91 m Note: Deck
  • Bathroom 2nd Level
  • Other 2nd Level 3.25 m x 3.35 m

Courtesy of: eXp Realty

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.