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229 Island Hwy
VR View Royal View Royal V9B 1G3

$1,350,000
Commercial Sale built: 1937

Main Photo: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
Photo 1: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
Photo 2: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
Photo 3: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
Photo 4: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
Photo 5: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
Photo 6: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
975746
Year Built:
1937
Explore the potential of this mixed residential development site in the picturesque View Royal! Encompassing 14,810 sq/ft, this property boasts a two-level home with recent updates. Positioned in a dynamic, growing area amidst new condominium constructions and nestled between a modern townhouse development and an older one, this site holds promise. The existing dwelling serves as an excellent investment, featuring two levels that cater to both rental income and potential owner occupancy. Conceptual plans are available for a 4-story apartment or a 10-townhouse development, adding versatility to the property. Currently, the home is a lucrative holding asset, generating $3,500/month in rental income. Situated in a highly walkable location, the property is just steps away from the 4 Mile Pub, parks, the galloping goose, schools, and the ocean. Whether you're heading to Vic General, CFB Esquimalt, or shopping destinations. Recent upgrades gas heating, foundation waterproofing, electrical.
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Year built:
1937 (Age: 87)
Lease Type:
Sale Price, See Remarks
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
VR View Royal, View Royal
Bathrooms:
- (Full:-/Half:-)
Lot Size:
14,810 sq. ft.
Taxes:
Building Features:
Basement
Construction:
Wood
Electricity:
Yes
Ceiling Heights:
Floor finish:
Hardwood
Total Building Area:
944 sq. ft.
Commercial Area:
Heating:
Forced Air
Fireplace:
No
Pending Date:
30 second walk from 4 Mile Pub, same side up the hill.
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Town of View Royal (SD61)
Legal Description:
Units in Building:
Units in Community:
Utilities:
Electricity Connected
Parking Features:
On Site
Total Units:
Date Listed:
Sep 09, 2024
Original Price:
1350000.0
  • Photo 1: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
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  • Photo 2: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
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  • Photo 3: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
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  • Photo 4: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
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  • Photo 5: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
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  • Photo 6: 229 Island Hwy in View Royal: VR View Royal Unimproved Land for sale : MLS®# 975746
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Listed by Fair Realty
Data was last updated November 17, 2024 at 08:05 PM (UTC)

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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.