Exceptional investment potential awaits with this property! Located in Colwood, this expansive lot spans over half an acre and presents an easily sub-dividable opportunity. Currently hosting a non-conforming fourplex, the property offers ample space for another build or subdivision, with the existing dwelling occupying only half of the parcel.The fourplex comprises two 3-bedroom units and two 2-bedroom units, providing a variety of rental options to maximize income potential. Practical amenities include separate paid laundry facilities and individual meters for each unit, ensuring convenience and efficiency for both landlord and tenants. Upgrades to the property include a natural gas hot water tank, a newer furnace, and updated roof and decks, enhancing the overall appeal and value. Each unit is assigned its own address, promoting a sense of individuality and privacy. The property boasts generous parking provisions and is ideally situated in a thriving area, with Colwood's recent expansion of Veterans Memorial Way just a stroll away. Residents will appreciate the convenience of being within walking distance to Belmont City Centre, Westshore Mall, and public transit, making this an attractive location for tenants and future development alike. Whether you're seeking immediate rental income or long-term development prospects, this property offers a compelling opportunity for savvy investors. *Buyer to verify any development or sub-division potential with local authorities.* (id:55532)
- Property Type Single Family Home
- Neighborhood Triangle
- County N/A
- Property Tax N/A
- HOA/Condo/Coop Fees N/A
- Days on Site 77 Days
- MLS® Status Active
- MLS® ID Number 953113
- SqFt Source N/A
- Year Built 1974
- Price Per SqFt $388
- Lot Size 0.51 Acres
- Full Baths 4
- Partial Baths N/A
| 15 hours ago | Listing updated with changes from the MLS® | |
| 5 days ago | Price changed to $1,799,999 | |
| 3 months ago | Listing first seen online |
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General Features
- Parking Stall
- Property Sub Type Quadruplex
- Zoning Residential
Interior Features
- Cooling None
- Heating Forced AirOil
- Fireplace No
Community Features
- Association Dues 0
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Monthly Payment (Est.)
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