1250 Fairfield Rd W Active Save Request In-Person Tour Request Virtual Tour
Victoria,BC V8V 3B5
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 992633
Rental Info Unrestricted
Annual Tax Amount $6,712
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x145
Property Sub-Type Multi Family
Property Description
3600 SF legal 5 LHK/SFD character-conversion in the heart of Cook St. Village and 5 Points Fairfield Neighborhood. This corner lot offers near term profitability with a development cost yield (DCY) of greater than 20% for green light financing at average selling price of ~$900.00/SF or owner-occupier versatility through home restoration & long-term appreciation.
Fairfield Plan outlays 5 Points Small Urban Village for 2.0 FSR and up to 4 Storeys with Fairfield Rd. frontage. Provincial Bill 47 supports urban density proposals for SFD-sized lots adjacent to public transit. There is a sheltered bus stop directly in front of this ~7000 SF Corner Lot, currently zoned R3-A1 Multiple Dwelling District with a legal current usage of 5 LHK (Light House Keeping) Transient Accommodation Character Conversion. Current dwelling has been occupied as a SFD for the past two decades & can be restored as such. Mere blocks from Beacon Hill Park, Sir James Douglas Elementary & Dallas Road Beach.
Location
State BC
County Capital Regional District
Area Victoria
Zoning R3-A2
Interior
Heating Baseboard,Forced Air,Natural Gas
Flooring Hardwood,Mixed
Heat Source Baseboard,Forced Air,Natural Gas
Exterior
Exterior Feature Balcony,Fencing: Partial
Parking On Site 1
Building
Lot Description Central Location,Corner,Family-Oriented Neighbourhood
Building Description Frame Wood,Insulation: Partial, Basement
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation: Partial
Others
Pets Allowed Yes
Tax ID 001-895-982
Ownership Freehold