Multi Family located in Victoria - Vi Fairfield West, V8V 3B5
sqft, Beds, Baths
- Type: Commercial Sale
- Exterior Features: Balcony, Fencing: Partial,
- Heating: Baseboard, Forced Air, Natural Gas,
- Flooring: Array
- Foundation Details: Concrete Perimeter,
- Lot Size: 0.16 acres
- Parking Features: On Site,
- Features: Central Location, Corner Lot, Family-Oriented Neighbourhood,
- Zoning: R3-A2
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.