1618 Richardson St, Victoria, BC V8S 1R5

$1,499,000
3
BD
2
BA
2,030
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Courtesy of Fair Realty

List Price
$1,499,000
Status
ACTIVE
MLS®
1024078
Price Change
▼ $150,000 1777807499
Property Type
Single Family Residential
Year Built
1956
Style
Character
Bedrooms
3
Total baths
2
Living Area
2,030
Acres
0.26
Lot Size
11,449
District
Victoria
Neighbourhood
Vi Rockland

Property Description

This is an incredibly rare opportunity to acquire over 47,000 square feet of land with 292 feet of frontage on Richardson Street. The site consists of four separate parcels, each currently featuring a home. With a land price of $131 per square foot there is no better place to build. Located in Rockland, Victoria's most prestigious neighborhood, this site is completely flat, ensuring an easy and affordable build. It is situated on the newly completed AAA biking road, minutes from the ocean and shopping, and located on a BC Transit route. The property size and configuration offer numerous possibilities under the new OCP, including four-story buildings, townhouses, or SFHs. The 1.6 FSR allows for up to 75,000 buildable square feet without rezoning. This is also an ideal location for a rental building with significant return given the higher rental rates for the area. The buyer is responsible for verifying any proposed subdivisions and possible uses with City of Victoria staff.

Additional Information

Layout
Main Level Entry with Lower Level(s)
Lot Features
Cleared, Level, Rectangular Lot
Heating
Baseboard, Electric, Wood
Flooring
Tile, Wood
Roof
Asphalt Shingle
Parking Spaces
2
Exterior Features
Balcony/Patio
Interior Features
Dining/Living Combo
Parking Type
Driveway
Kitchens
1
Laundry Feature
In House
Fireplace Description
Living Room
Taxes
$7,039
Rentals Allowed
Unrestricted
Pets Allowed
Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

NOTE: 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. This website may only be used by consumers for the purpose of locating and purchasing real estate. By registering on this website I/We consent to the collection, use and disclosure of personal information as described in our privacy policy.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.