731 Princess Ave Victoria, British Columbia V8T 1K5
$650,000
This is a rare opportunity to own a piece of Victoria's downtown core with redevelopment potential, a great holding property or an excellent location to run your own business. The zoning allows for live/work, light industry, transient accommodations, office, and limited retail use and is one of the last undeveloped properties in an area already surrounded by other businesses. Properties like this are rare and the savvy investor will be able to make money here. This 5-bedroom property went through an extensive renovation in 2015 including a new foundation and roof. Currently, the rooms are rented individually and there is potential for more revenue depending on the purchaser's plans. Collect rent while you finalize your development plans or keep this in your long-term rental portfolio. Extremely low maintenance backyard and great tenants make this a low effort, high return rental. Please note: you cannot get a conventional residential mortgage for this property due to the zoning. (id:24231)
Property Details
| MLS® Number | 922758 |
| Property Type | Single Family |
| Neigbourhood | Downtown |
| Features | Rectangular |
| Parking Space Total | 2 |
| Plan | Vip8 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 5 |
| Constructed Date | 1910 |
| Cooling Type | None |
| Fireplace Present | No |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 1493 Sqft |
| Total Finished Area | 1493 Sqft |
| Type | House |
Land
| Acreage | No |
| Size Irregular | 2352 |
| Size Total | 2352 Sqft |
| Size Total Text | 2352 Sqft |
| Zoning Type | Industrial |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 16' x 9' | ||
| Second Level | Bedroom | 14' x 10' | ||
| Main Level | Kitchen | 15' x 12' | ||
| Main Level | Bathroom | 4-Piece | ||
| Main Level | Bedroom | 11' x 10' | ||
| Main Level | Bedroom | 10' x 9' | ||
| Main Level | Bathroom | 3-Piece | ||
| Main Level | Living Room | 14' x 13' | ||
| Main Level | Primary Bedroom | 16' x 11' | ||
| Main Level | Laundry Room | 6' x 5' | ||
| Main Level | Hall | 7' x 5' |
https://www.realtor.ca/real-estate/25251899/731-princess-ave-victoria-downtown
Interested?
Contact us for more information
Contact
Jonny James
REALTOR®
1.250.686.3820
JonnyJames@RoyallePage.ca
4460 Chatterton Way,
Victoria, BC V8X 5J2
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Victoria Real Estate Board
Royal LePage Coast Capital - Oak Bay
25251899
March 28 2023 04:27:03
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