Quadruplex located in Colwood - Co Triangle, V9C 2V1
4407 sqft, 10 Beds, 4 Baths
- Built in: 1974
- Type: Residential
- Interior Features: Dining/Living Combo, Storage,
- Exterior Features: Balcony/Patio,
- Cooling: None,
- Heating: Forced Air, Oil,
- Flooring: Array
- Basement: Unfinished, With Windows,
- Foundation Details: Concrete Perimeter,
- Lot Size: 0.51 acres
- Parking Features: Driveway,
- Features: Rectangular Lot, Wooded,
Description
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.