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229 Island Hwy
VR View Royal View Royal V9B 1G3

$1,350,000
Residential beds: 2 baths: 1.0 944 sq. ft. built: 1937

Conceptual drawing of potential future density on this lot.
Photo 1: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
Photo 2: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
Photo 3: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
Photo 4: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
Photo 5: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
Photo 6: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
Status:
Active
Prop. Type:
Residential
MLS® Num:
975747
Bedrooms:
2
Bathrooms:
1
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:
Residential
Type:
Single Family Residence
Year built:
1937 (Age: 87)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
944 sq. ft.
Listing General Location:
VR View Royal, View Royal
Bedrooms:
2
Bathrooms:
1.0 (Full:-/Half:-)
Lot Size:
14,810.102 sq. ft.
Kitchens:
1
Home Style:
Character
Taxes:
Building Features:
Transit Nearby
Construction:
Stucco
New Construction:
No
Basement:
Unfinished, Walk-Out Access, With Windows
Foundation:
Other
Roof:
Asphalt Shingle
Other Structures:
Storage Shed
Ceiling Heights:
Floor finish:
Wood
Total Building Area:
1,888 sq. ft.
Total Unfinished Area:
944 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
2
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.
Living Area Main Floor:
944 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
0 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
1
Fireplace Details:
Living Room
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Natural Gas
Fireplace:
Yes
Warranty:
No
Pending Date:
F/S/W/D
Dining/Living Combo, Soaker Tub
Fenced
30 second walk from 4 Mile Pub, same side up the hill.
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
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:
Accessibility:
Primary Bedroom on Main
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Land Value Only, Resale
Exposure / Faces:
Northeast
Layout:
Main Level Entry with Lower Level(s)
Lot Site Features:
Central Location, Cleared, Easy Access, Level, Near Golf Course, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Additional Parking, RV Access/Parking, Other
Total Parking Spaces:
4
Road Surface Type:
Paved
Total Units:
Date Listed:
Sep 09, 2024
Original Price:
1350000.0
  • Photo 1: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
    Conceptual drawing of potential future density on this lot.
  • Photo 2: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
    Photo 2 of 6
  • Photo 3: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
    Photo 3 of 6
  • Photo 4: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
    Photo 4 of 6
  • Photo 5: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
    Photo 5 of 6
  • Photo 6: 229 Island Hwy in View Royal: VR View Royal Single Family Residence for sale : MLS®# 975747
    Photo 6 of 6
Listed by Fair Realty
Data was last updated October 16, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$799,000
Min list price:
$415,000
Max list price:
$3,200,000
Avg days on market:
64
Min days on market:
1
Max days on market:
279
Avg price per sq.ft.:
$795.28
These statistics are generated based on the current listing's property type and located in VR View Royal. Average values are derived using median calculations.
KEVIN RAMSAY

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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.