HOUSE: UP TO $1M
731 Princess Ave
Vi Downtown
Victoria
V8T 1K5
$675,000
Residential
beds: 5
baths: 2.0
1,493 sq. ft.
built: 1910
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 922758
- Bedrooms:
- 5
- Bathrooms:
- 2
- Year Built:
- 1910
- Photos (20)
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This is a rare opportunity to get in on a Victoria core with redevelopment potential and be a great holding property or an excellent location to run your own business. The zoning allows for live/work, light industry, transient accommodations, office, and limited retail use and is one of the last undeveloped properties in an area already surrounded by other businesses. Properties like this are rare and the savvy investor will be able to make money here. This 5-bedroom property went through an extensive renovation in 2015 including a new foundation and roof. Rooms are rented individually and there is potential for more revenue depending on the purchaser's plans. Collect rent while you finalize your development plans or keep this in your long-term rental portfolio. Extremely low maintenance backyard and great tenants make this a low effort, high return rental.
- Property Type:
- Residential
- Type:
- Single Family Detached
- Year built:
- 1910 (Age: 113)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 1,493 sq. ft.138.704 m2
- Listing General Location:
- Vi Downtown, Victoria
- Bedrooms:
- 5
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 2,352.016 sq. ft.218.509 m2
- Kitchens:
- 1
- Taxes:
- Signup
- Construction:
- Frame Wood, Stucco
- New Construction:
- No
- Basement:
- None
- Foundation:
- Concrete Perimeter
- Roof:
- Fibreglass Shingle
- Levels:
- 1
- Ceiling Heights:
- Signup
- Total Building Area:
- 1,493 sq. ft.138.704 m2
- Total Unfinished Area:
- 0 sq. ft.0 m2
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 5
- # Main Level Bedrooms:
- 3
- # Second Level Bedrooms:
- 2
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 2
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.0 m2
- Living Area Main Floor:
- 1,063 sq. ft.98.756 m2
- Living Area Other Floor:
- 0 sq. ft.0 m2
- Living Area 2nd Floor:
- 430 sq. ft.39.948 m2
- Living Area 3rd Floor:
- 0 sq. ft.0 m2
- Fireplaces:
- 0
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Baseboard, Electric
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- City of Victoria
- Legal Description:
- Signup
- Accessibility:
- Ground Level Main Floor
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Owner
- Property Condition:
- Resale
- Exposure / Faces:
- North
- Layout:
- Main Level Entry with Upper Level(s)
- Lot Site Features:
- Rectangular Lot
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Driveway
- Total Parking Spaces:
- 2
- Rent Includes:
- Electricity, Heat, Hot Water
- Total Units:
- Signup
- Date Listed:
- Feb 06, 2023
- Original Price:
- 699900.0
Larger map options:
Listed by Royal LePage Coast Capital - Oak Bay
Data was last updated March 25, 2023 at 08:05 AM (UTC)
Area Statistics
- Listings on market:
- 155
- Avg list price:
- $599,000
- Min list price:
- $35,000
- Max list price:
- $9,299,900
- Avg days on market:
- 51
- Min days on market:
- 1
- Max days on market:
- 493
- Avg price per sq.ft.:
- $904.38
These statistics are generated based on the current listing's property type
and located in
Vi Downtown. Average values are
derived using median calculations.
- CHRISTINA STACK
- JONESCO REAL ESTATE INC
- 1 (250) 8576659
- Contact by Email
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.