528 Constance Ave, Esquimalt | $950,000

This home is a fantastic opportunity to own in a sought-after neighborhood while offering long-term potential for rental income or future resale value. Whether you're looking to start your homeownership journey with a mortgage helper or simply seeking a sound investment in a desirable location, this property ticks all the boxes. Charming Repurposed Family Home ??? Ideal Investment Opportunity. This unique property, formerly an up-and-down duplex, offers the flexibility of a single-family home with potential for conversion back to a duplex. Zoned RM-1 ??? Multiple Family Residential Structure Duplex (Non-Strata Up/Down), the home is still considered a full duplex by the municipality, making it a prime investment opportunity. The current owners have thoughtfully repurposed the space to a single-family residence, while keeping the original features intact for easy future conversion. The upper kitchen has been converted into a bedroom, but the plumbing outlet, electrical for a stove, and the door remain, making it easy to restore as a separate suite. Natural gas has been disconnected, but the two separate meters stay in place, making this property an excellent potential income generator. Walk Score 84 Very Walkable-Most errands can be conducted on foot. Bike Score 74-Very Bikeable-Biking is convenient for most trips.

Description

This home is a fantastic opportunity to own in a sought-after neighborhood while offering long-term potential for rental income or future resale value. Whether you're looking to start your homeownership journey with a mortgage helper or simply seeking a sound investment in a desirable location, this property ticks all the boxes. Charming Repurposed Family Home ??? Ideal Investment Opportunity. This unique property, formerly an up-and-down duplex, offers the flexibility of a single-family home with potential for conversion back to a duplex. Zoned RM-1 ??? Multiple Family Residential Structure Duplex (Non-Strata Up/Down), the home is still considered a full duplex by the municipality, making it a prime investment opportunity. The current owners have thoughtfully repurposed the space to a single-family residence, while keeping the original features intact for easy future conversion. The upper kitchen has been converted into a bedroom, but the plumbing outlet, electrical for a stove, and the door remain, making it easy to restore as a separate suite. Natural gas has been disconnected, but the two separate meters stay in place, making this property an excellent potential income generator. Walk Score 84 Very Walkable-Most errands can be conducted on foot. Bike Score 74-Very Bikeable-Biking is convenient for most trips.

General Info


MLS Listing ID: 993550 Bedrooms: 5 Bathrooms: 2 Year Built: 1901
Parking: Stall Heating: Baseboard heaters Lotsize: 4250 sqft Air Conditioning : None

Amenities/Features


  • Curb & gutter

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .