Single Family Residence home located in Victoria
MLS #1047844
Listed by Fair Realty
- Built in: 1956
- Type: Residential
- Style: Character,
- Interior Features: Dining/Living Combo,
- Exterior Features: Balcony/Patio, Fencing: Partial,
- Cooling: None,
- Heating: Baseboard, Electric, Wood,
- Fireplaces: 1
- Appliances: Dryer, Oven/Range Electric, Range Hood, Refrigerator, Washer,
- Basement: Full, Walk-Out Access, With Windows,
- Foundation Details: Concrete Perimeter,
- Lot Size: 0.26 acres
- Total Parking: 2
- Parking Features: Driveway,
- Features: Cleared, Level, Serviced, Shopping Nearby, Sidewalk,
- View: Array
Description
Investors and Developers Alert! Exceptional holding property with immediate revenue or prime development potential under Missing Middle on a rare 70-foot-wide frontage lot on the Rockland/Fairfield border. This versatile 5-bed, 2-bath home is ideal as a high-yield investment or flexible multi-generational property. Live upstairs while using the lower level as a mortgage helper. Enjoy a stunning, park-like backyard offering a peaceful outdoor oasis. Alternatively, take advantage of steady rental income while finalizing development plans for this expansive parcel. Currently tenanted, generating $4,900 per month. The adjacent property at 1622 Richardson is also available. Together, the two properties offer approximately 145 feet of combined frontage and 23,584 sq.ft. of land. Situated in a prime central location minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for holding, land assembly, or future development.