1618 Richardson Street, Fairfield West Victoria
Price
$1,735,000
Bedrooms3 Beds
Bathrooms2 Baths
Size2374 sqft
Year Built1956
Property TypeDetached Home
Property Taxes$5,893.92
Description
Incredibly rare opportunity to acquire approximately 48,000 sq.feet of land with a frontage on Richardson St. of 292 ft. 4 separate parcels of land with 4 homes. Buy/hold as a long term investment or build Missing Middle housing now. The size and configuration lends itself to many possibilities include 6 Missing Middle House Plexes with 36 units. An achievable FSR of ALMOST 1:1. Build 45,000sqft on 4 lots $160/buildable foot. A subdivision of SFHs and Missing Middle Housing together. May also be the perfect time to consider a rental building on the site with the current push for purpose built rentals. Buyer to verify possible uses with COV staff. Located on one of Victoria’s quietest streets, on the newly completed AAA biking road. Minutes to the ocean, shopping and on a BC transit route. No showing without an accepted offer (only available as a package of four homes). Homes tenanted so please respect their privacy. Special Consideration for projects including a BC housing component. (id:39198)
Listed By
The listing brokerage and/or agent is Fair 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
$
$
%
$
$
Total Monthly Payment
$6,724 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,388,000
Total Interest Payments
$855,787
Total Payment (Principal + Interest)
$2,243,787
Cashflow Calculator
$
$
$
$
$
$
Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
Related Properties
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.