Exceptional investment potential! Located in Colwood, this expansive lot spans over half an acre and offers an easily sub-dividable opportunity. Currently a non-conforming fourplex, the property offers ample space for another build or subdivision, with the existing dwelling occupying only half of the parcel. The fourplex comprises two 3-bedroom units and two 2-bedroom units, providing a variety of rental options. Practical amenities include separate paid laundry facilities and individual meters for each unit. Upgrades to the property include a natural gas hot water tank, a newer furnace, and updated roof and decks. Each unit is assigned its own address. Lots of parking. Colwood's recent expansion of Veterans Memorial Way is just around the corner. Walk to Belmont City Centre, Westshore Mall, and public transit. Whether you're seeking immediate rental income or long-term development prospects, this property offers a compelling opportunity for savvy investors.
Data was last updated July 1, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$997,525
Min list price:
$499,900
Max list price:
$2,250,000
Avg days on market:
44
Min days on market:
4
Max days on market:
141
Avg price per sq.ft.:
$483.7
These statistics are generated based on the current listing's property type
and located in
Co Triangle. Average values are
derived using median calculations.