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.
Address
3319 Fulton Rd
List Price
$1,499,000
Property Type
Residential
Type of Dwelling
Quadruplex
Area
Colwood
Sub-Area
Co Triangle
Bedrooms
10
Bathrooms
4
Floor Area
4,408 Sq. Ft.
Lot Size
22215 Sq. Ft.
Lot Size (Acres)
0.51 Ac.
Year Built
1974
MLS® Number
983781
Listing Brokerage
Sotheby's International Realty Canada
Basement Area
Unfinished, With Windows
Postal Code
V9C 2V1
Tax Amount
$5,493.44
Tax Year
2023
Features
Aluminum Frames, Dining/Living Combo, Forced Air, Linoleum, Natural Gas, Storage
Amenities
Balcony/Patio, Rectangular Lot, Storage Shed, Wooded