10 Bed Quadruplex in Victoria

$3,288,000

639 Foul Bay Rd
MLS® NO: 851009

Description

This incredible 7 suite rumored Maclure property is the ideal investment opportunity with abundant options. Perfectly maintained on a gorgeous 30,000 ft + lot with amazing landscaping, plenty of parking & set nicely well back from the road. Many original features remain intact including stained glass, wainscotting, high ceilings, oak & fir floors, 6 original fireplaces & an impressive terrace made of imported Scottish granite. Fully tenanted with live in managers, this stable investment is never short of long term tenants with excellent potential to increase revenues. Inquiries to the City of Victoria have shown potential to subdivide the property, perhaps a single family lot or a small strata development could be possible under certain circumstances, potentially an opportunity to combine short term profit from a long term holding property. Ideally located on the Oak Bay border but fully in the City of Victoria, what a fantastic & rare chance to own a gorgeous piece of Victoria history

General

Property Type:Quadruplex
Title of Ownership:Lot A, Plan VIP68963, Section 68, Victoria Land District
Taxes:$10,724
Tax Year:2019
Finished Sq. Ft.:6,831
Unfinished Sq. Ft.:775
Year Built:1908

Building Details

Foundation: Poured Concrete
Roof: Asphalt Shingle, Fibreglass Shingle
Heat/Air: Hot Water, Natural Gas

Site Influences

Lot SqFt: 30,458
Acres: 0.70
Water: Municipal
Waste: Sewer To Lot
Parking: Carport Triple, Detached, Driveway, Garage Double
Lot Features: Irregular Lot, Private, Rocky, Wooded Lot

Room Dimensions

Level 1 - 3,037 sqft

Level 2 - 2,223 sqft

Level 3 - 910 sqft

Level 4 - 661 sqft

Property Details

Beds: 10
Baths: 7
Sq. Feet: 6,831
Year Built: 1908
Property Type: Quadruplex
Municipality: Victoria

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Listed with:

Brett Jones - Newport Realty Ltd.

Flora Stanley - Newport Realty Ltd.

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.