BC > Victoria
Victoria, BC V8V 3B5,1250 Fairfield Rd W
Victoria, BC V8V 3B5,1250 Fairfield Rd W
Victoria, BC V8V 3B5,1250 Fairfield Rd W
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Dallas King

Dallas King

Victoria Homes Group

+1(250) 858-5465
$1,599,000
Est. payment /mo
6,969 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 992633

Rental Info Unrestricted

Annual Tax Amount $6,712

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 50x145

Property Sub-Type Multi Family

Property Description

3600 SF legal 5 LHK/SFD character-conversion in the heart of Cook St. Village and 5 Points Fairfield Neighborhood. This corner lot offers near term profitability with a development cost yield (DCY) of greater than 20% for green light financing at average selling price of ~$900.00/SF or owner-occupier versatility through home restoration & long-term appreciation.

Fairfield Plan outlays 5 Points Small Urban Village for 2.0 FSR and up to 4 Storeys with Fairfield Rd. frontage. Provincial Bill 47 supports urban density proposals for SFD-sized lots adjacent to public transit. There is a sheltered bus stop directly in front of this ~7000 SF Corner Lot, currently zoned R3-A1 Multiple Dwelling District with a legal current usage of 5 LHK (Light House Keeping) Transient Accommodation Character Conversion. Current dwelling has been occupied as a SFD for the past two decades & can be restored as such. Mere blocks from Beacon Hill Park, Sir James Douglas Elementary & Dallas Road Beach.

Location

Province BC

County Capital Regional District

Area Vi Fairfield West

Zoning R3-A2

Interior

Heating Baseboard, Forced Air, Natural Gas

Flooring Hardwood, Mixed

Heat Source Baseboard, Forced Air, Natural Gas

Exterior

Exterior Feature Balcony, Fencing: Partial

Parking On Site 1

Building

Lot Description Central Location, Corner, Family-Oriented Neighbourhood

Building Description Frame Wood,Insulation: Partial, Basement

Foundation Poured Concrete

Sewer Sewer Connected

Water Municipal

Structure Type Frame Wood,Insulation: Partial

Others

Pets Allowed Yes

Tax ID 001-895-982

Ownership Freehold

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Listed by Royal LePage Coast Capital - Chatterton
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+1(250) 858-5465

dallas@victoriahomes.com

202-3440 Douglas St, Victoria, V8Z, 3L5, Canada

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