164 Island Highway, View Royal View Royal
Price
$1,125,000
Bedrooms2 Beds
Bathrooms1 Baths
Size1871 sqft
Year Built1960
Property TypeDetached Home
Property Taxes$3,365.68
Description
OPEN HOUSE SUN OCT 26th, 11am-1pm. Welcome to your private urban retreat nestled on an expansive 17,000+ sq.ft. park-like lot, this charming 3-bedroom, 1-bathroom home offers rare privacy and space—right in the heart of the city. Tucked away from the road, enjoy sun-drenched afternoons on the 14' x 23' patio, or explore the potential of the unfinished 700+ sq.ft. basement and detached garage/workshop. This property is more than just a home—it’s an investment in the future. With the upcoming OCP revisions and opportunities through the SSMUH (Small-Scale Multi-Unit Housing) initiative, this lot is well-positioned for higher-density redevelopment. The location is unbeatable: walk to Thetis Lake, Portage Park, and Thetis Cove Waterfront, or take advantage of nearby shopping, transit, VGH, beaches, and scenic walking trails. Whether you're looking to enjoy the serenity now or unlock the development potential later, this is a rare opportunity you won’t want to miss. (id:39198)
Listed By
The listing brokerage and/or agent is eXp Realty
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$4,322 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$900,000
Total Interest Payments
$554,905
Total Payment (Principal + Interest)
$1,454,905
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
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Meet Alex & Georgia
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.