Investors and Developers Alert! Exceptional holding property with immediate revenue or prime development potential under Missing Middle on a rare 70-foot-wide frontage lot on the Rockland/Fairfield border. This versatile 5-bed, 2-bath home is ideal as a high-yield investment or flexible multi-generational property. Live upstairs while using the lower level as a mortgage helper. Enjoy a stunning, park-like backyard offering a peaceful outdoor oasis. Alternatively, take advantage of steady rental income while finalizing development plans for this expansive parcel. Currently tenanted, generating $4,900 per month. The adjacent property at 1622 Richardson is also available. Together, the two properties offer approximately 145 feet of combined frontage and 23,584 sq.ft. of land. Situated in a prime central location minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for holding, land assembly, or future development. (id:44056)

Property Details

Full Address:
1618 Richardson St, Victoria, British Columbia
Price:
$ 1,349,900
MLS Number:
1047844
List Date:
August 26th, 2026
Lot Size:
11464 sq.ft.
Year Built:
1956
Taxes:
$ 7,935

Interior Features

Bedrooms:
5
Bathrooms:
2
Total Rooms:
Additional Accommodation
Kitchen
10 x 10 feet
Appliances:
Washer, Refrigerator, Range - Electric, Dryer
Air Conditioning:
None
Heating:
Baseboard heaters, Electric, Wood
Fireplaces:
1

Building Features

Architectural Style:
Character
Zoning:
Residential
Garage Spaces:
2
Ownership Type:
Freehold
Taxes:
$ 7,935

Floors

Finished Area:
2296 sq.ft.

Land

View:
City view
Lot Size:
11464 sq.ft.
Lot Features:
Level lot, Partially cleared, Other

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

Mortgage Calculator

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Marko Juras Personal Real Estate Corporation Fair Realty
250-380-8297
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Listing Agent(s)

Lead Agent: Marko Juras
Office: Fair Realty
Originating Board: Victoria Real Estate Board
Co-Listing: Rulon Schmidt
Fair Realty

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