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1250 Fairfield Rd W Victoria, BC V8V 3B5
6,969 Sqft Lot
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Key Details
Property Type Multi-Family
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.
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
Province BC
County Capital Regional District
Area Vi Fairfield West
Zoning R3-A2
Interior
Heating Baseboard, Forced Air, Natural Gas
Flooring Hardwood, Mixed
Exterior
Exterior Feature Balcony, Fencing: Partial
Parking On Site 1
Building
Lot Description Central Location, Corner, Family-Oriented Neighbourhood
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation: Partial
Others
Tax ID 001-895-982
Ownership Freehold
Listed by Royal LePage Coast Capital - Chatterton