Quadruplex located in Colwood - Co Triangle, V9C 2V1
4407 sqft, 10 Beds, 4 Baths
Listed by Jerry BolaeXp Realty - Listed On: October 2, 2024
- Built in: 1974
- Type: Residential
- Interior Features: Dining/Living Combo, Storage,
- Exterior Features: Balcony/Patio,
- Cooling: None,
- Heating: Forced Air, Oil,
- Flooring: Array
- Basement: Unfinished, With Windows,
- Foundation Details: Concrete Perimeter,
- Lot Size: 0.51 acres
- Parking Features: Driveway,
- Features: Rectangular Lot, Wooded,
Description
Exceptional Investment Potential in Colwood! This expansive lot, spanning over half an acre, presents an easily sub-dividable opportunity, with potential for a garden suite to be built on each new parcel if subdivided. Currently hosting a non-conforming fourplex, the property offers ample space for an additional build or subdivision, with the existing structure occupying only half of the land. The fourplex consists of two 3-bedroom units and two 2-bedroom units, offering diverse rental options. Each unit features practical amenities such as separate paid laundry facilities and individual meters. Property upgrades include a natural gas hot water tank, a newer furnace, an updated roof, and refreshed decks. Each unit also boasts its own address, and there is plenty of parking available. Located close to Colwood's recently expanded Veterans Memorial Way, this property is within walking distance of Belmont City Centre, Westshore Mall, and public transit.