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1606 Bank St, Victoria, BC, V8R 4V4

MLS® # 974466
House For Sale In South Jubilee, Victoria, British Columbia
$1,450,000 QuickQuoteTM: $1.3M - $1.6M

3 Beds

2 Baths

1606 Bank St, Victoria, BC
1606 Bank St, Victoria, BC
1606 Bank St, Victoria, BC
1606 Bank St, Victoria, BC
1606 Bank St, Victoria, BC
1606 Bank St, Victoria, BC
1606 Bank St, Victoria, BC
1606 Bank St, Victoria, BC
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ACTIVE
1606 Bank St, Victoria, BC, V8R 4V4
$1,450,000

3 Beds

2 Baths

Property Information:

DEVELOPMENT SITE - 6-PLEX. Save time & money and eliminate the guesswork of what can be built on this beautiful 60x135’ lot. The current plans are for (FOUR) spacious 2 Bedroom suites and (TWO) spacious 3 Bedroom suites with plenty of outdoor amenity space. Total living area is approximately 6500 sqft. This amazing site is situated on a quiet upscale residential road, across the street from Sundance-Bank Elementary School and walking distance to Royal Jubilee Hospital and all the charming shops and amenities along Oak Bay Ave. The six units will be stratified and built under Victoria’s established Missing Middle program. The Seller has worked through planning with the City and DP is at final review, so you can take advantage of a quick turnaround project with strong profit margins. Great entry for the aspiring builder. Put your capital to work! (Listing is for the site only, not construction. Measurements and data input are for the existing structure)

Property Features:

  • Bedrooms: 3
  • Bathrooms: 2
  • Annual Tax Amount: $6,048
  • Basement: Not Full Height, Unfinished, Walk-Out Access, With Windows
  • Built in: 1908
  • Construction Materials: Stucco
  • Cooling: None
  • Exterior Features: Fenced, Low Maintenance Yard
  • Fireplace Features: Wood Burning
  • Floor Space (approx): 3029 Square Feet
  • Flooring: Carpet, Laminate, Linoleum
  • Foundation Details: Slab
  • Heating: Oil, Wood
  • Interior Features: Dining Room
  • Laundry Features: In House
  • Lot Features: Level, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk
  • Lot Frontage: 8100 Square Feet
  • Lot Size: 8100.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Carport, Detached
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Land Value Only
  • Property Sub Type:
  • Roof: Asphalt Shingle
  • Water Source: Municipal
  • Zoning: R1-B
  • Zoning Description: Residential
  • Sewer:
  • No. of Parking Spaces: 3

Rooms:

  • Storage Other level :Lower 3.05 m x 2.13 m
  • Den Other level :Lower 4.14 m x 3.84 m
  • Other Main Level 3.68 m x 3.17 m
  • Dining Main Level 4.14 m x 3.76 m
  • Other Main Level 1.75 m x 1.75 m Note: Entrance
  • Office 2nd Level 3.61 m x 2.62 m
  • Other Main Level 3.91 m x 3.02 m Note: Eating Area
  • Other Other level :Lower 5.28 m x 5.13 m Note: Basement
  • Utility Other level :Lower 5.77 m x 4.44 m
  • Living Main Level 5.51 m x 4.24 m

Convert Measurement to:

Courtesy of: Bel Air Realty Group

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.

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Location of 1606 Bank St, Victoria, BC, V8R 4V4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

22 hot days expected in 2050

Projected Precipitation Risk: High

13 storms expected in 2050

Projected Heat Risk: Significant

22 hot days expected in 2050

25/100

Significant

ClimateCheck®

Current data

This property, 1606 Bank St , experiences 7 hot days per year at around 27.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 22 hot days at 30.4 degrees Celsius.

Projected Avg. Temperature

Past
27.5℃
2050
30.4℃

# Hot Days Per Year

Past
7
2050
22

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Exteme

13 storms expected in 2050

86/100

Exteme

ClimateCheck®

Current data

This property, 1606 Bank St , experiences 12 significant 2-day storms per year, with about 494.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 567mm of precipitation per year.

Precipitation Per Storm

Past
494.1mm
2050
567mm

48-Hour Storms Per Year

Past
12
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1606 Bank St, Victoria, BC, V8R 4V4

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$112,060.69

Average Number of Children

1.49

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.16 %

High school certificate or equivalent

23.98 %

Apprenticeship trade certificate/diploma

4.92 %

College/non-university certificate

17.16 %

University certificate (below bachelor)

2.97 %

University Degree

42.81 %

Commuter

Travel To Work

By Car

49.91 %

By Public Transit

15.65 %

By Walking

20.16 %

By Bicycle

10.07 %

By Other Methods

4.2 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.49 %

Houses

34.51 %

Own Vs. Rent

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