- ©MLS 1047844
- Area 2296 sq ft
- Bedrooms 5
- Bathrooms 2
- Parkings 2
Description
Investors and Developers Alert! Exceptional holding property with immediate revenue or prime development potential under Missing Middle on a rare 70-foot-wide frontage lot on the Rockland/Fairfield border. This versatile 5-bed, 2-bath home is ideal as a high-yield investment or flexible multi-generational property. Live upstairs while using the lower level as a mortgage helper. Enjoy a stunning, park-like backyard offering a peaceful outdoor oasis. Alternatively, take advantage of steady rental income while finalizing development plans for this expansive parcel. Currently tenanted, generating $4,900 per month. The adjacent property at 1622 Richardson is also available. Together, the two properties offer approximately 145 feet of combined frontage and 23,584 sq.ft. of land. Situated in a prime central location minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for holding, land assembly, or future development. (id:48970) Show More
Details
- Constructed Date: 1956
- Property Type: Single Family
- Type: House
- Architectural Style: Character
- Neighbourhood: Rockland
Features
- Level lot
- Partially cleared
- City view
- Dryer
- Range - Electric
- Refrigerator
- Washer
- Baseboard heaters
Rooms Details For 1618 Richardson St
| Type | Level | Dimension |
|---|---|---|
| Bedroom | Lower level | 15' x 12' |
| Bedroom | Lower level | 14' x 11' |
| Recreation room | Lower level | 11' x 11' |
| Bathroom | Lower level | 3-Piece |
| Bedroom | Main level | 11' x 9' |
| Bedroom | Main level | 10' x 10' |
| Bathroom | Main level | 4-Piece |
| Primary Bedroom | Main level | 13' x 11' |
| Kitchen | Main level | 13' x 10' |
| Dining room | Main level | 13' x 9' |
| Living room | Main level | 18' x 11' |
| Entrance | Main level | 7' x 5' |
Location
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Data provided by: Victoria Real Estate Board