$1,200,000
$1,399,000
14.2%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
4 Baths
4,408 SqFt
SOLD DATE : 03/31/2025
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,408 sqft
Price per Sqft $272
MLS Listing ID 983781
Sold Date 03/31/25
Style Main Level Entry with Upper Level(s)
Bedrooms 10
Rental Info Unrestricted
Year Built 1974
Annual Tax Amount $5,493
Tax Year 2023
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 160 ft wide x 140 ft deep
Property Sub-Type Quadruplex
Property Description
Nestled on Triangle Mountain in Colwood, this rare offering spans over half an acre, blending rental income potential with development opportunities. The non-conforming fourplex includes 2 spacious 3-bed units and 2 comfortable 2-bed units, each with separate addresses, meters, and shared paid laundry, ensuring maximum rental flexibility. With the current structure occupying only half the lot, the property is ripe for subdivision or additional development. Upgrades include a natural gas hot water tank, newer furnace, updated roof, and refreshed decks. Ample parking enhances convenience for tenants. Ideally located, it's within walking distance of Belmont City Centre, Westshore Mall, and public transit. Whether you're looking to capitalize on immediate rental income or envision long-term growth through subdivision, this property is a smart investment choice for the discerning buyer.
Location
Province BC
County Capital Regional District
Area Co Triangle
Direction North
Rooms
Other Rooms Storage Shed
Basement Unfinished, With Windows
Main Level Bedrooms 4
Kitchen 4
Interior
Interior Features Dining/Living Combo, Storage
Heating Forced Air, Natural Gas
Cooling None
Flooring Linoleum
Window Features Aluminum Frames
Laundry In Unit
Exterior
Exterior Feature Balcony/Patio
Roof Type Asphalt Rolled
Building
Lot Description Rectangular Lot, Wooded Lot
Building Description Frame Wood,Insulation: Ceiling,Insulation: Walls,Stucco,Vinyl Siding, Main Level Entry with Upper Level(s)
Faces North
Foundation Poured Concrete
Sewer Septic System
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Walls,Stucco,Vinyl Siding
Others
Tax ID 002-950-391
Ownership Freehold
Pets Allowed Aquariums, Birds, Caged Mammals, Cats, Dogs
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