$1,199,900

House For Sale In Fernwood, Victoria, British Columbia

$1,199,900
  • 5

    Bedrooms

  • 3

    Baths

  • 5940.00 Square Feet

    Lot Size

Property Information:

NEW LISTING - FIXER UPPER: Mortgage Helper - Single Family home with excellent development options. A Short or Long term hold property perfect for Developers! This property has the potential for development of a 6-Plex. Currently configured with three separate suites, and easily converted back single family home with suite, this property offers a great revenue return. Three suites: 2 bedroom + 1 bathroom on the main level; a 2 bed +1 bath on the lower; a 1 bedroom + 1 bathroom garden suite. NOTABLE:updated kitchen, stainless fridge, white cabinets & subway tile; 3 updated bathrooms w soaker tub, glass shower, tile floors; laminate floors; some new windows; blinds, concrete steps & large patio; roof replaced in 2019. Fenced yard with plenty of parking + RV. Potential here to earn $60,000+ p/annum in rent. The 6000 sqft lot is currently zoned R2 and the adjoining lot of the same size has a current rezoning and building permit application with the city to redevelop to 4 townhomes.

Property Features:

  • Bedrooms: 5
  • Bathrooms: 3
  • Annual Tax Amount: $4,982
  • Appliances: Dryer, Microwave, Oven/Range Electric, Range Hood, Refrigerator, Washer
  • Architectural Style: Arts & Crafts, Character
  • Basement: Finished, Walk-Out Access, With Windows
  • Built in: 1946
  • Construction Materials: Frame Wood, Insulation: Ceiling, Vinyl Siding
  • Cooling: None
  • Exterior Features: Balcony/Patio, Fencing: Full, Lighting, Low Maintenance Yard
  • Floor Space (approx): 2452 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Interior Features: Dining/Living Combo, Eating Area, Soaker Tub
  • Laundry Features: Common Area
  • Lot Features: Central Location, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Private, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk, Southern Exposure
  • Lot Frontage: 5940 Square Feet
  • Lot Size: 5940.00 Square Feet
  • Other Structures: Storage Shed
  • Ownership: Freehold
  • Parking Features: Driveway, On Street, RV Access/Parking
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Contact List Licensee, Resale
  • Property Sub Type:
  • Road Surface Type: Paved
  • Roof: Asphalt Shingle
  • Utilities: Cable Available, Compost, Electricity Available, Garbage, Phone Available
  • Water Source: Municipal
  • Window Features: Vinyl Frames, Window Coverings
  • Zoning Description: Residential
  • Sewer:
  • No. of Parking Spaces: 3

Rooms:

  • Kitchen Other level :Lower 2.74 m x 3.66 m
  • Living Other level :Other 5.79 m x 3.35 m
  • Storage Other level :Lower 2.44 m x 4.57 m
  • Living Other level :Lower 4.27 m x 4.57 m
  • Kitchen Main Level 2.13 m x 3.96 m
  • Bedroom Other level :Lower 3.05 m x 4.27 m
  • Other Other level :Lower 3.35 m x 3.05 m
  • Kitchen Other level :Other 3.35 m x 1.83 m
  • Bedroom Other level :Other 3.05 m x 3.05 m
  • Bathroom Other level :Other

Courtesy of: Keller Williams Realty VanCentral

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.