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- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 992633
- Photos (5)
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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:
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- Existing Lease Expiry:
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- Listing General Location:
- Vi Fairfield West, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 6,814 sq. ft.
- Lot Details:
- 50x145
- Taxes:
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- Building Features:
- Basement
- Construction:
- Frame Wood, Insulation: Partial
- Foundation:
- Concrete Perimeter
- Ceiling Heights:
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- Floor finish:
- Hardwood, Mixed
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Heating:
- Baseboard, Forced Air, Natural Gas
- Fireplace:
- No
- Pending Date:
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- Balcony, Fencing: Partial
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Victoria
- Legal Description:
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- Zoning:
- R3-A2
- Legal Non-Conformance:
- Yes
- Lot Site Features:
- Central Location, Corner Lot, Family-Oriented Neighbourhood
- Parking Features:
- On Site
- Total Units:
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- Date Listed:
- Mar 19, 2025
- Original Price:
- 1599000.0
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Listed by Royal LePage Coast Capital - Chatterton
Data was last updated April 7, 2025 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 85
- Avg list price:
- $1,380,000
- Min list price:
- $49,990
- Max list price:
- $6,900,000
- Avg days on market:
- 76
- Min days on market:
- 6
- Max days on market:
- 812
These statistics are generated based on the current listing's property type
and located in
Victoria. Average values are
derived using median calculations.
- WENDY COLEMAN
- ROYAL LEPAGE COAST CAPITAL - CHATTERTON
- 1 (250) 8583676
- Contact by Email
Location
110 - 4460 Chatterton Way
Victoria, BC, V8X 5J2