Exceptional opportunity for homeowners, investors, and developers alike! Situated on a generous 65' x 106' lot in a prime central Victoria location, this property offers exciting redevelopment potential. Whether you're looking to explore future multi-unit development, hold as a long-term investment, or move into a home with excellent mortgage helper income, this property offers outstanding flexibility.
The well-maintained home features a bright upper level plus a self-contained two-bedroom basement suite currently generating $2,000/month in rental income. It's an ideal setup for first-time buyers seeking additional income, investors looking for strong cash flow, or those planning for future redevelopment.
Conveniently located just minutes from downtown Victoria, Hillside Shopping Centre, Camosun College, Cedar Hill Golf Course, parks, schools, transit, and a wide variety of everyday amenities. Properties offering this combination of redevelopment potential, rental income, and a sought-after location are increasingly rare. Don't miss this exceptional opportunity!
Address
2857 Shelbourne St
List Price
$988,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Oaklands
Bedrooms
4
Bathrooms
2
Floor Area
1,297 Sq. Ft.
Lot Size
6890 Sq. Ft.
Lot Size (Acres)
0.16 Ac.
Year Built
1929
MLS® Number
1043630
Listing Brokerage
Team 3000 Realty Ltd
Basement Area
Finished
Postal Code
V8N 6K4
Tax Amount
$4,628.00
Tax Year
2026
Features
Baseboard, Electric
Amenities
Rectangular Lot
