Exceptional Investment Potential in Colwood! This expansive lot, spanning over half an acre, presents an easily sub-dividable opportunity, with potential for a garden suite to be built on each new parcel if subdivided. Currently hosting a non-conforming fourplex, the property offers ample space for an additional build or subdivision, with the existing structure occupying only half of the land.
The fourplex consists of two 3-bedroom units and two 2-bedroom units, offering diverse rental options. Each unit features practical amenities such as separate paid laundry facilities and individual meters. Property upgrades include a natural gas hot water tank, a newer furnace, an updated roof, and refreshed decks. Each unit also boasts its own address, and there is plenty of parking available.
Located just around the corner from Colwood's recently expanded Veterans Memorial Way, this property is within walking distance of Belmont City Centre, Westshore Mall, and public transit. Whether you're seeking immediate rental income or long-term development potential, this property presents a compelling opportunity for savvy investors.*Buyer to verify any development or sub-division potential with local authorities.*
| Address |
3319 Fulton Rd |
| List Price |
$1,799,999 |
| Property Type |
Residential |
| Type of Dwelling |
Quadruplex |
| Area |
Colwood |
| Sub-Area |
Co Triangle |
| Bedrooms |
10 |
| Bathrooms |
4 |
| Floor Area |
4,407 Sq. Ft. |
| Lot Size |
22215 Sq. Ft. |
| Lot Size Acres |
0.51 Ac. |
| Year Built |
1974 |
| MLS® Number |
977604 |
| Listing Brokerage |
eXp Realty
|
| Basement Area |
Unfinished, With Windows |
| Postal Code |
V9C 2V1 |
| Tax Amount |
$5,493 |
| Tax Year |
2023 |
| Features |
Aluminum Frames, Dining/Living Combo, Forced Air, Linoleum, Oil, Storage |
| Amenities |
Balcony/Patio, Rectangular Lot, Storage Shed, Wooded |
