$2,599,999

Investment For Sale In Fernwood, Victoria, British Columbia

$2,599,999

Property Information:

Situated in a vibrant, character-rich neighbourhood, this distinguished heritage property offers a rare investment opportunity combining timeless architecture with strong income potential. The stately exterior showcases ornate woodwork, expansive windows, grand columns, and a welcoming wrap-around veranda, creating exceptional curb appeal and a lasting first impression. Inside, the property has been legally configured into ten unique rental suites. Units feature impressive ceiling heights along with restored hardwood flooring, classic moldings, and charming fireplaces. These elements create an elevated living experience that continues to attract quality tenants seeking both character and comfort.The property delivers strong, reliable performance, generating approximately $18,000 per month in rental income.Ideally located with a walk score of 73 and transit at your doorstep!

Property Features:

  • Annual Tax Amount: $16,253
  • Building Features: Basement, Bike Storage, Laundry Room, Shopping Nearby, Storage Room, Transit Nearby
  • Built in: 1901
  • Business Type: Accommodation
  • Construction Materials: Stone
  • Cooling: None
  • Exterior Features: Balcony/Deck, Fenced, Fencing: Full, Garden
  • Floor Space (approx): 7726 Square Feet
  • Flooring: Carpet, Hardwood, Mixed
  • Foundation Details: Concrete Perimeter, Stone
  • Heating: Electric
  • Lot Features: Corner Lot
  • Lot Frontage: 10530 Square Feet
  • Lot Size: 10530.00 Square Feet
  • Other Equipment: Sump Pump
  • Ownership: Freehold
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • Road Frontage Type: Street
  • Water Source: Municipal
  • Zoning: GRD-1(PGA)
  • Sewer:
  • No. of Parking Spaces: 0

Courtesy of: Oakwyn Realty Ltd.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.