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1250 W Fairfield Rd
Vi Fairfield West Victoria V8V 3B5

$1,599,000
Commercial Sale

Main Photo: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
Photo 1: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
Photo 2: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
Photo 3: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
Photo 4: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
Photo 5: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
992633
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.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Fairfield West, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
6,814 sq. ft.
Lot Details:
50x145
Taxes:
Building Features:
Basement
Construction:
Frame Wood, Insulation: Partial
Foundation:
Concrete Perimeter
Ceiling Heights:
Floor finish:
Hardwood, Mixed
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Baseboard, Forced Air, Natural Gas
Fireplace:
No
Pending Date:
Balcony, Fencing: Partial
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:
City of Victoria
Legal Description:
Zoning:
R3-A2
Legal Non-Conformance:
Yes
Units in Building:
Units in Community:
Occupancy:
Owner
Lot Site Features:
Central Location, Corner Lot, Family-Oriented Neighbourhood
Parking Features:
On Site
Total Units:
Date Listed:
Mar 19, 2025
Original Price:
1599000.0
  • Photo 1: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
    Photo 1 of 5
  • Photo 2: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
    Photo 2 of 5
  • Photo 3: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
    Photo 3 of 5
  • Photo 4: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
    Photo 4 of 5
  • Photo 5: 1250 W Fairfield Rd in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 992633
    Photo 5 of 5
Listed by Royal LePage Coast Capital - Chatterton
Data was last updated March 31, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
88
Avg list price:
$1,380,000
Min list price:
$49,990
Max list price:
$6,900,000
Avg days on market:
69
Min days on market:
4
Max days on market:
805
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.

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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.