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New Listing!!! Nanaimo House For Sale ->> 731 Princess Ave, Victoria, V8T 1K5 $699,900 5 BD 2 BA 1,493 SqFt


->> This listing Courtesy of Royal LePage Coast Capital – Oak Bay . ->> This is a rare opportunity to get in on a Victoria core with redevelopment potential and be a great holding property or an excellent location to run your own business. The zoning allows for live/work, light industry, transient accommodations, office, and limited retail use and is one of the last undeveloped properties in an area already surrounded by other businesses. Properties like this are rare and the savvy investor will be able to make money here. This 5-bedroom property went through an extensive renovation in 2015 including a new foundation and roof. Rooms are rented individually and with two recent vacancies, there is potential for more revenue depending on the purchaser's plans. Collect rent while you finalize your development plans or keep this in your long-term rental portfolio. Extremely low maintenance backyard and great tenants make this a low effort, high return rental.

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