Phone: 250-888-5538
Email: deedrie@deedrieballard.com
My Office: RE/MAX Camosun
Address: 2239 Oak Bay Ave
Victoria, BC, V8R 1G4
Fairfield West
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 992633
- Photos (5)
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3600 SF legal 5 LHK/SFD character-conversion in the heart of Cook St. Village and 5 Points Fairfield Neighborhood. This corner lot offers near term profitability with a development cost yield (DCY) of greater than 20% for green light financing at average selling price of ~$900.00/SF or owner-occupier versatility through home restoration & long-term appreciation.
Fairfield Plan outlays 5 Points Small Urban Village for 2.0 FSR and up to 4 Storeys with Fairfield Rd. frontage. Provincial Bill 47 supports urban density proposals for SFD-sized lots adjacent to public transit. There is a sheltered bus stop directly in front of this ~7000 SF Corner Lot, currently zoned R3-A1 Multiple Dwelling District with a legal current usage of 5 LHK (Light House Keeping) Transient Accommodation Character Conversion. Current dwelling has been occupied as a SFD for the past two decades & can be restored as such. Mere blocks from Beacon Hill Park, Sir James Douglas Elementary & Dallas Road Beach.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Vi Fairfield West, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 6,814 sq. ft.
- Lot Details:
- 50x145
- Taxes:
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- Building Features:
- Basement
- Construction:
- Frame Wood, Insulation: Partial
- Foundation:
- Concrete Perimeter
- Ceiling Heights:
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- Floor finish:
- Hardwood, Mixed
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Heating:
- Baseboard, Forced Air, Natural Gas
- Fireplace:
- No
- Pending Date:
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- Balcony, Fencing: Partial
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Victoria
- Legal Description:
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- Zoning:
- R3-A2
- Legal Non-Conformance:
- Yes
- Lot Site Features:
- Central Location, Corner Lot, Family-Oriented Neighbourhood
- Parking Features:
- On Site
- Total Units:
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- Date Listed:
- Mar 19, 2025
- Original Price:
- 1599000.0
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Listed by Royal LePage Coast Capital - Chatterton
Data was last updated July 17, 2025 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 12
- Avg list price:
- $1,762,500
- Min list price:
- $120,000
- Max list price:
- $6,300,000
- Avg days on market:
- 104
- Min days on market:
- 10
- Max days on market:
- 462
These statistics are generated based on the current listing's property type
and located in
Vi Fairfield West. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DEEDRIE BALLARD
- RE/MAX CAMOSUN
- 1 (250) 7443301
- Contact by Email