RS2 Lot Development

With Revenue Producing House & Suite

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Contact Marcel for more photos and information on this property

MLS#209233
$649,900

Description: Everything is in place for this three lot development while retaining an existing house either for revenue or personal use. A number of options are available….

1. Develop lots and sell them retaining current house for revenue or personal use.
2. Develop lots and sell them along with the current house
3. Develop lots and build houses for re-sale, retaining option to either sell or keep the existing house.

Current owner has gotten everything in place with plans, site survey, and a statement of conditions from the District of Langford. Owners would like to sell in order to invest in another larger ongoing development.

Main house is rented for $1,675 per month, Suite for $800 per month, including Hydro, Water and Garbage. It was built in 1992 and offer 4 Bedrooms and 4 Bathrooms. Design allows for another Bdrm to be added to the suite from the unfinished area in the Garage. House is accessed from Maltby Place via a registered easement and sits high on the hill with panoramic views in almost every direction.

Features: Hardwood Floors; Bay windows; Skylights; Lot Development; 1-Bdrm Bsmt Suite (Unauthorized), Panoramic Views; Sundeck; Double Car Garage with Sink & access to a 2-Piece Bathroom; Shared Laundry.