1575 Burton Ave, Victoria
Unlock exceptional potential at 1575 Burton Ave, a versatile property on a flat 40' x 125' CORNER lot in a highly central, walkable Victoria neighbourhood. Featuring 6 beds, 2 baths, and 2 kitchens, this home offers a proven track record as a high-yield revenue property over the last few years or live upstairs with a 3 bed suite down. While it needs some updates to reach its full aesthetic potential, the home is absolutely livable as is, allowing you to collect immediate rental income while finalized plans are put in motion. For forward-thinking investors and builders, this corner lot is prime for multi-unit development under BC's Small-Scale Multi-Unit Housing (SSMUH) guidelines. Buyers are encouraged to verify specific development paths and zoning details directly with the City of Victoria. Located just steps from Hillside Shopping Centre, major transit routes, schools, and parks, this high-demand location is primed for development. Basement suite is FULLY LEGAL. (id:62865)
Status
Active
Year Built
1968
Property Type
House
Ownership
Freehold
Parking Spaces
2
Annual Tax
$5,108
Zoning
Residential
Parcel Number
007-660-367
Data Source
Victoria Real Estate Board
Bedrooms
6
Bathrooms
2
Living Area
2147 square feet
Lot Size
5008.0 sqft
Lot Features
Heating
Baseboard heaters, Electric
Cooling
None
$1,099,800
Office
Engel & Volkers Vancouver Island
Loan Amount:
$879,840
Estimated Monthly Payment:
$4,288
This is an estimate for informational purposes only. Consult with a financial advisor.
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