Exceptional Investment Potential in Colwood! This expansive lot, spanning over half an acre, presents an easily sub-dividable opportunity, with potential for a garden suite to be built on each new parcel if subdivided. Currently hosting a non-conforming fourplex, the property offers ample space for an additional build or subdivision, with the existing structure occupying only half of the land. The fourplex consists of two 3-bedroom units and two 2-bedroom units, offering diverse rental options. Each unit features practical amenities such as separate paid laundry facilities and individual meters. Property upgrades include a natural gas hot water tank, a newer furnace, an updated roof, and refreshed decks. Each unit also boasts its own address, and there is plenty of parking available. Located just around the corner from Colwood's recently expanded Veterans Memorial Way, this property is within walking distance of Belmont City Centre, Westshore Mall, and public transit. Whether you're seeking immediate rental income or long-term development potential, this property presents a compelling opportunity for savvy investors.*Buyer to verify any development or sub-division potential with local authorities.* (id:47421)
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Detailed Information
Bedrooms
10
Bathrooms
4
Features
Wooded area, Rectangular
Listing Contract Date
2024-10-02
Maintenance Fee Payment Frequency
Monthly
Municipal ID
002-950-391
Ownership Type
Freehold
Plan
VIP23983
Property Type
Single Family
Structures
Shed
Transaction Type
For sale
Zoning
Residential
Building
Constructed Date
1974
Cooling Type
None
Heating Fuel
Oil
Heating Type
Forced air
Total Finished Area
4407 sqft
Type
Fourplex
Rooms
Room
Level
Dimensions
Notes
Balcony
Second level
Measurements not available x 4 ft
Balcony
Second level
Measurements not available x 4 ft
Bathroom
Second level
4-Piece
Primary Bedroom
Second level
Measurements not available x 11 ft
Bedroom
Second level
11 ft x Measurements not available
Bedroom
Second level
10'8 x 9'11
Kitchen
Second level
11'8 x 9'11
Dining room
Second level
Measurements not available x 13 ft
Living room
Second level
12 ft x Measurements not available
Bathroom
Second level
4-Piece
Primary Bedroom
Second level
Measurements not available x 11 ft
Bedroom
Second level
11 ft x Measurements not available
Bedroom
Second level
10'8 x 9'11
Den
Second level
9'11 x 5'11
Kitchen
Second level
11'8 x 9'11
Dining room
Second level
Measurements not available x 13 ft
Living room
Second level
13 ft x Measurements not available
Bedroom
Lower level
10'11 x 9'11
Bathroom
Lower level
4-Piece
Bedroom
Lower level
10'11 x 9'11
Kitchen
Lower level
Measurements not available x 10 ft
Dining room
Lower level
12'11 x 10'3
Living room
Lower level
12'11 x 15'4
Entrance
Lower level
4' x 4'
Bathroom
Lower level
4-Piece
Primary Bedroom
Lower level
10'11 x 11'2
Bedroom
Lower level
10'11 x 9'11
Kitchen
Lower level
Measurements not available x 10 ft
Dining room
Lower level
12'11 x 10'3
Living room
Lower level
12'11 x 15'4
Parking Spaces
Name
Spaces
Stall
Land
Total Size
0.51 acres
Size of Irregular Land
0.51
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