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3319 Fulton Rd

Colwood, BC V9C 2V1
  • $1,899,999
  • STATUS: Active
  • ON SITE: 70 Days
  • MLS #: 953113
$1,899,999
  • 10
    BEDS
  • 0.51
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,407
    SQFT
  • $431
    $/SQFT
Neighbourhood:
Type:
Multi-Family
Built:
1974
Area:

Description

Exceptional investment potential! Located in Colwood, this expansive lot spans over half an acre and offers an easily sub-dividable opportunity. Currently a non-conforming fourplex, the property offers ample space for another build or subdivision, with the existing dwelling occupying only half of the parcel. The fourplex comprises two 3-bedroom units and two 2-bedroom units, providing a variety of rental options. Practical amenities include separate paid laundry facilities and individual meters for each unit. Upgrades to the property include a natural gas hot water tank, a newer furnace, and updated roof and decks. Each unit is assigned its own address. Lots of parking. Colwood's recent expansion of Veterans Memorial Way is just around the corner. Walk to Belmont City Centre, Westshore Mall, and public transit. Whether you're seeking immediate rental income or long-term development prospects, this property offers a compelling opportunity for savvy investors.

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http://www.vreb.org/vreb/VREBReciprocityProgram.html

VIVA (Vancouver Island & Victoria REBs) logo MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-04-20T15:13:44.15.
www.dayteam.com/homes/147504073
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3319 Fulton Rd Colwood, BC V9C 2V1

  • Price: $1,899,999
  • Status: Active
  • On Site: 70 Days
  • MLS #: 953113
10
Beds
4
Baths
0
½ Baths
0.51
Acres
4,407
SQFT
$431
$/SQFT
1974
Built
Neighbourhood:
Co Triangle
Area:
Colwood
School District:
Capital Regional District
Property Description
Exceptional investment potential! Located in Colwood, this expansive lot spans over half an acre and offers an easily sub-dividable opportunity. Currently a non-conforming fourplex, the property offers ample space for another build or subdivision, with the existing dwelling occupying only half of the parcel. The fourplex comprises two 3-bedroom units and two 2-bedroom units, providing a variety of rental options. Practical amenities include separate paid laundry facilities and individual meters for each unit. Upgrades to the property include a natural gas hot water tank, a newer furnace, and updated roof and decks. Each unit is assigned its own address. Lots of parking. Colwood's recent expansion of Veterans Memorial Way is just around the corner. Walk to Belmont City Centre, Westshore Mall, and public transit. Whether you're seeking immediate rental income or long-term development prospects, this property offers a compelling opportunity for savvy investors.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Construction Materials Frame WoodInsulation: CeilingInsulation: WallsStuccoVinyl Siding Entry Location Main Level Exterior Features Balcony/Patio Garage YN No Lot Features Rectangular LotWooded Lot Size Dimensions 160 ft wide x 140 ft deep Open Parking YN Yes Other Structures Storage Shed Parking Features Driveway Parking Total 0 Roof Tar/Gravel View YN No Waterfront YN No

Interior Features

Basement UnfinishedWith Windows Cooling None Cooling YN No Fireplace Features Family Room Fireplace YN No Fireplaces Total 0 Flooring Linoleum Foundation Details Concrete Perimeter Heating Forced AirOil Heating YN Yes Interior Features Dining/Living ComboStorage Laundry Features In Unit Main Level Bathrooms 0 Main Level Bedrooms 0 Window Features Aluminum Frames

Property Features

Association Fee 0 Gross Income 8200 Home Warranty YN No Net Operating Income 5075.86 Operating Expense 3124.14 Ownership Freehold Pets Allowed AquariumsBirdsCaged MammalsCats OKDogs OK Property Attached YN Yes Property Condition Contact List Licensee Property Sub Type Quadruplex Rent Includes Electricity Rental Allowed Unrestricted Sewer Septic System Tax Annual Amount 5493.44 Tax Jurisdiction City of Colwood Tax Year 2023 Water Source Municipal Youngest Age Allowed 0 Zoning Description Residential

VIVA (Vancouver Island & Victoria REBs) logo Listing provided courtesy of eXp Realty and [CO-OFFICENAME].

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
http://www.vreb.org/vreb/VREBReciprocityProgram.html

VIVA (Vancouver Island & Victoria REBs) logo MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-04-20T15:13:44.15.
 
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